NASDAQ:ALGT Allegiant Travel (ALGT) Stock Forecast, Price & News $75.62 -1.24 (-1.61%) (As of 01:16 PM ET) Add Compare Share Share Today's Range$75.30▼$76.7250-Day Range$75.27▼$128.2152-Week Range$62.94▼$130.93Volume54,491 shsAverage Volume211,779 shsMarket Capitalization$1.40 billionP/E Ratio9.24Dividend Yield3.17%Price Target$108.09 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Allegiant Travel MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside40.1% Upside$106.27 Price TargetShort InterestHealthy4.04% of Float Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-6.11Upright™ Environmental ScoreNews Sentiment0.52Based on 22 Articles This WeekInsider TradingSelling Shares$209,520 Sold Last QuarterProj. Earnings Growth15.09%From $9.28 to $10.68 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.74 out of 5 starsTransportation Sector27th out of 118 stocksAir Transportation, Scheduled Industry8th out of 18 stocks 3.1 Analyst's Opinion Consensus RatingAllegiant Travel has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $106.27, Allegiant Travel has a forecasted upside of 40.1% from its current price of $75.88.Amount of Analyst CoverageAllegiant Travel has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted4.04% of the float of Allegiant Travel has been sold short.Short Interest Ratio / Days to CoverAllegiant Travel has a short interest ratio ("days to cover") of 2.8, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Allegiant Travel has recently increased by 31.02%, indicating that investor sentiment is decreasing significantly. Previous Next 2.5 Dividend Strength Dividend YieldAllegiant Travel pays a meaningful dividend of 3.12%, higher than the bottom 25% of all stocks that pay dividends.Dividend GrowthAllegiant Travel does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Allegiant Travel is 29.34%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Allegiant Travel will have a dividend payout ratio of 22.47% next year. This indicates that Allegiant Travel will be able to sustain or increase its dividend. Previous Next 0.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAllegiant Travel has received a -73.95% net impact score from Upright. The largest negative impact of Allegiant Travel Company in category "GHG emissions" seems to be driven mostly by its "Low-cost air travel on domestic flights", "Low-cost air travel on international flights", and "Holiday resort services" products. See details.Environmental SustainabilityThe Environmental Impact score for Allegiant Travel is -6.11. Previous Next 2.5 News and Social Media Coverage News SentimentAllegiant Travel has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.News Coverage This WeekMarketBeat has tracked 22 news articles for Allegiant Travel this week, compared to 5 articles on an average week.Search InterestOnly 5 people have searched for ALGT on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat Follows9 people have added Allegiant Travel to their MarketBeat watchlist in the last 30 days. This is an increase of 200% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Allegiant Travel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $209,520.00 in company stock.Percentage Held by Insiders17.50% of the stock of Allegiant Travel is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions81.23% of the stock of Allegiant Travel is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Allegiant Travel are expected to grow by 15.09% in the coming year, from $9.28 to $10.68 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Allegiant Travel is 9.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 110.43.Price to Earnings Ratio vs. SectorThe P/E ratio of Allegiant Travel is 9.28, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 10.38.Price to Book Value per Share RatioAllegiant Travel has a P/B Ratio of 1.14. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Allegiant Travel (NASDAQ:ALGT) StockAllegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2023, it operated a fleet of 122 Airbus A320 series aircraft. The company also provides air-related services and products in conjunction with air transportation, including baggage fees, advance seat assignments, travel protection products, priority boarding, a customer convenience fee, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company operates a golf course. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada.Read More ALGT Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALGT Stock News HeadlinesSeptember 28, 2023 | marketbeat.comThe CEO of Allegiant Air's parent company is out after barely a year, replaced by the former bossThere's a shakeup at the top of Allegiant Travel, the parent company of the Allegiant budget airlineSeptember 25, 2023 | marketbeat.comIs Jet Blue's Descent Into Penny Stock Territory an Opportunity? (ALGT)Until the fundamentals show progress, Jet Blue stock may be headed due south to a new all-time low - with or without the pending Spirit deal.October 2, 2023 | Behind the Markets (Ad)"Chilling War Games Show US Forces Crushed" – FOX NEWS=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>October 2, 2023 | finance.yahoo.comAllegiant (ALGT) CEO Resigns, Former Boss to Take Up the RoleOctober 2, 2023 | americanbankingnews.comAllegiant Travel Forecasted to Post Q3 2023 Earnings of ($0.15) Per Share (NASDAQ:ALGT)October 1, 2023 | americanbankingnews.comAllegiant Travel (NASDAQ:ALGT) Short Interest Up 31.0% in SeptemberSeptember 30, 2023 | nasdaq.comSeaport Global Maintains Allegiant Travel (ALGT) Buy RecommendationSeptember 30, 2023 | americanbankingnews.comAllegiant Travel to Post FY2025 Earnings of $17.00 Per Share, Seaport Res Ptn Forecasts (NASDAQ:ALGT)October 2, 2023 | Behind the Markets (Ad)"Chilling War Games Show US Forces Crushed" – FOX NEWS=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>September 29, 2023 | markets.businessinsider.comSell Rating Justified for Allegiant Travel Company Amidst Leadership Changes and Operational ChallengesSeptember 29, 2023 | cnbc.comAllegiant Travel's CEO is out after barely a year, replaced by the former bossSeptember 29, 2023 | finance.yahoo.comAllegiant CEO Resigns, Founder Gallagher Returns to Top JobSeptember 28, 2023 | msn.comAllegiant Travel Company reappoints founder Maurice Gallagher to CEO postSeptember 28, 2023 | markets.businessinsider.comAllegiant Travel CEO John Redmond ResignsSeptember 28, 2023 | finance.yahoo.comALLEGIANT TRAVEL COMPANY ANNOUNCES FOUNDER MAURY GALLAGHER TO RETURN AS CHIEF EXECUTIVE OFFICERSeptember 26, 2023 | americanbankingnews.comAllegiant Travel (NASDAQ:ALGT) Price Target Cut to $118.00 by Analysts at Raymond JamesSeptember 25, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for Allegiant TravelSeptember 21, 2023 | msn.comAirline Stock Roundup: DAL's Q3 EPS View Cut, ALGT's Disappointing August TrafficSeptember 21, 2023 | finance.yahoo.comIs Allegiant Travel Co (ALGT) Too Good to Be True? A Comprehensive Analysis of a Potential ...September 20, 2023 | markets.businessinsider.comAllegiant Travel Preliminary Aug. - Scheduled Service - Passenger Traffic Down 5.0% YoYSeptember 20, 2023 | finance.yahoo.comALLEGIANT REPORTS AUGUST 2023 TRAFFICSeptember 12, 2023 | msn.comAllegiant Travel (ALGT) Gains As Market Dips: What You Should KnowSeptember 9, 2023 | finance.yahoo.comALLEGIANT TRAVEL COMPANY ANNOUNCES THE PRICING OF $300 MILLION OF SENIOR NOTES DUE 2019September 9, 2023 | stocknews.comShould You Invest in These 3 Airline Stocks Now or Later?September 8, 2023 | finance.yahoo.comAllegiant Travel (ALGT) Dips More Than Broader Markets: What You Should KnowAugust 31, 2023 | finance.yahoo.com'Transparency a concern' after Mexico cargo flight move, Allegiant arguesAugust 30, 2023 | finance.yahoo.comAllegiant Travel Company (ALGT) Is a Trending Stock: Facts to Know Before Betting on ItSee More Headlines Receive ALGT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Allegiant Travel and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGT Company Calendar Last Earnings8/02/2023Ex-Dividend for 9/1 Dividend8/14/2023Dividend Payable9/01/2023Today10/02/2023Next Earnings (Estimated)11/01/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Air transportation, scheduled Sub-IndustryAirlines SectorTransportation Current SymbolNASDAQ:ALGT CUSIP01748X10 CIK1362468 Webwww.allegiantair.com Phone(702) 851-7300Fax702-589-7213Employees5,315Year Founded1997Price Target and Rating Average Stock Price Forecast$108.09 High Stock Price Forecast$145.00 Low Stock Price Forecast$80.00 Forecasted Upside/Downside+40.6%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$8.18 Trailing P/E Ratio9.40 Forward P/E Ratio8.28 P/E GrowthN/ANet Income$2.49 million Net Margins5.87% Pretax Margin8.00% Return on Equity7.46% Return on Assets2.05% Debt Debt-to-Equity Ratio1.37 Current Ratio1.13 Quick Ratio1.10 Sales & Book Value Annual Sales$2.30 billion Price / Sales0.62 Cash Flow$13.80 per share Price / Cash Flow5.57 Book Value$66.35 per share Price / Book1.16Miscellaneous Outstanding Shares18,450,000Free Float15,219,000Market Cap$1.42 billion OptionableOptionable Beta1.72 Social Links 7 Stocks to Buy And Hold ForeverClick the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising. Get This Free Report Key ExecutivesMr. Maurice J. Gallagher Jr. (Age 73)Exec. Chairman Comp: $3MMr. John T. Redmond (Age 64)CEO & Director Comp: $3.5MMr. Gregory Clark Anderson CPA (Age 41)Pres Comp: $270.4kMr. Robert P. Wilson III (Age 53)Exec. VP & Chief Information Officer Comp: $270.4kMr. Scott Wayne DeAngelo (Age 50)Exec. VP & Chief Marketing Officer Comp: $260kMr. Robert J. Neal (Age 39)Sr. VP & CFO Mr. Keny F. Wilper (Age 45)Sr. VP & COO Ms. Rebecca Aretos (Age 47)VP & Principal Accounting Officer Mr. Robert B. Goldberg Esq.Sr. VP, Sr. Counsel & Sec.Ms. Rebecca HenrySr. VP & Chief HR OfficerMore ExecutivesKey CompetitorsJetBlue AirwaysNASDAQ:JBLUSkyWestNASDAQ:SKYWCopaNYSE:CPAAlaska Air GroupNYSE:ALKFrontier GroupNASDAQ:ULCCView All CompetitorsInsiders & InstitutionsWolverine Trading LLCBought 5,700 shares on 8/23/2023Ownership: 0.000%Comerica BankBought 8,358 shares on 8/22/2023Ownership: 0.045%California State Teachers Retirement SystemSold 652 shares on 8/21/2023Ownership: 0.050%Osaic Holdings Inc.Bought 909 shares on 8/21/2023Ownership: 0.040%Teachers Retirement System of The State of KentuckyBought 271 shares on 8/21/2023Ownership: 0.027%View All Insider TransactionsView All Institutional Transactions ALGT Stock - Frequently Asked Questions Should I buy or sell Allegiant Travel stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" ALGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGT, but not buy additional shares or sell existing shares. View ALGT analyst ratings or view top-rated stocks. What is Allegiant Travel's stock price forecast for 2023? 10 analysts have issued 12 month target prices for Allegiant Travel's stock. Their ALGT share price forecasts range from $80.00 to $145.00. On average, they anticipate the company's stock price to reach $108.09 in the next twelve months. This suggests a possible upside of 40.6% from the stock's current price. View analysts price targets for ALGT or view top-rated stocks among Wall Street analysts. How have ALGT shares performed in 2023? Allegiant Travel's stock was trading at $67.99 at the beginning of the year. Since then, ALGT shares have increased by 13.0% and is now trading at $76.86. View the best growth stocks for 2023 here. Are investors shorting Allegiant Travel? Allegiant Travel saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 613,300 shares, an increase of 31.0% from the August 31st total of 468,100 shares. Based on an average trading volume of 216,300 shares, the short-interest ratio is presently 2.8 days. Approximately 4.0% of the shares of the company are sold short. View Allegiant Travel's Short Interest. When is Allegiant Travel's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023. View our ALGT earnings forecast. How were Allegiant Travel's earnings last quarter? Allegiant Travel (NASDAQ:ALGT) announced its earnings results on Wednesday, August, 2nd. The transportation company reported $4.35 earnings per share for the quarter, beating the consensus estimate of $3.63 by $0.72. The transportation company earned $683.81 million during the quarter, compared to the consensus estimate of $662.10 million. Allegiant Travel had a trailing twelve-month return on equity of 7.46% and a net margin of 5.87%. The company's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 earnings per share. How often does Allegiant Travel pay dividends? What is the dividend yield for Allegiant Travel? Allegiant Travel announced a -- dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.60 per share on Friday, September 1st. The ex-dividend date is Monday, August 14th. Read our dividend analysis for ALGT. What ETFs hold Allegiant Travel's stock? ETFs with the largest weight of Allegiant Travel (NASDAQ:ALGT) stock in their portfolio include U.S. Global Jets ETF (JETS), SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap Industrials ETF (PSCI), EA Bridgeway Omni Small-Cap Value ETF (BSVO), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR). Is Allegiant Travel a good dividend stock? Allegiant Travel (NASDAQ:ALGT) pays an annual dividend of $2.40 per share and currently has a dividend yield of 3.12%. The dividend payout ratio is 29.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALGT will have a dividend payout ratio of 22.47% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ALGT. What is Maury Gallagher Jr.'s approval rating as Allegiant Travel's CEO? 422 employees have rated Allegiant Travel Chief Executive Officer Maury Gallagher Jr. on Glassdoor.com. Maury Gallagher Jr. has an approval rating of 94% among the company's employees. This puts Maury Gallagher Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Allegiant Travel own? Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Boeing (BA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Delta Air Lines (DAL), QUALCOMM (QCOM), Visa (V), Exxon Mobil (XOM), AT&T (T), Verizon Communications (VZ) and Target (TGT). What is Allegiant Travel's stock symbol? Allegiant Travel trades on the NASDAQ under the ticker symbol "ALGT." How do I buy shares of Allegiant Travel? Shares of ALGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Allegiant Travel's stock price today? One share of ALGT stock can currently be purchased for approximately $76.86. How much money does Allegiant Travel make? Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.42 billion and generates $2.30 billion in revenue each year. The transportation company earns $2.49 million in net income (profit) each year or $8.18 on an earnings per share basis. How many employees does Allegiant Travel have? The company employs 5,315 workers across the globe. Does Allegiant Travel have any subsidiaries? The following companies are subsidiares of Allegiant Travel: AFH Inc., Allegiant Air LLC, Allegiant Commercial Properties Inc., Allegiant Commercial Properties Missouri LLC, Allegiant Vacations LLC, Dustland LLC, G4 Properties LLC, G4 Works LLC, Point Charlotte Development LLC, Point Charlotte LLC, SFB Fueling LLC, Sunrise Asset Management LLC, Sunseeker Florida Inc., Sunseeker Resorts Inc., and Teesnap LLC.Read More How can I contact Allegiant Travel? Allegiant Travel's mailing address is 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV, 89144. The official website for the company is www.allegiantair.com. The transportation company can be reached via phone at (702) 851-7300, via email at ir@allegiantair.com, or via fax at 702-589-7213. This page (NASDAQ:ALGT) was last updated on 10/2/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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