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Allegiant Travel Stock Price, News & Analysis (NASDAQ:ALGT)

$70.69
-3.02 (-4.10%)
(As of 12/5/2023 ET)
Compare
Today's Range
$69.79
$73.26
50-Day Range
$57.06
$78.25
52-Week Range
$54.87
$130.93
Volume
216,414 shs
Average Volume
223,890 shs
Market Capitalization
$1.30 billion
P/E Ratio
7.58
Dividend Yield
3.40%
Price Target
$95.70

Allegiant Travel MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
35.4% Upside
$95.70 Price Target
Short Interest
Bearish
5.53% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.11
Upright™ Environmental Score
News Sentiment
0.37mentions of Allegiant Travel in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$359,259 Sold Last Quarter
Proj. Earnings Growth
12.79%
From $7.43 to $8.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.51 out of 5 stars

Transportation Sector

27th out of 103 stocks

Air Transportation, Scheduled Industry

5th out of 16 stocks


ALGT stock logo

About Allegiant Travel Stock (NASDAQ:ALGT)

Allegiant 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.

ALGT Stock Price History

ALGT Stock News Headlines

Allegiant Travel (NASDAQ:ALGT) Short Interest Update
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ALLEGIANT WINS PASSENGER-RATED FOUR STAR RANKING AWARD
Allegiant Travel October Capacity Rises 13.3%
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ALLEGIANT REPORTS OCTOBER 2023 TRAFFIC
Allegiant Travel Co ALGT
See More Headlines
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Company Calendar

Last Earnings
11/02/2023
Ex-Dividend for 12/1 Dividend
11/14/2023
Dividend Payable
12/01/2023
Today
12/05/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/07/2024

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
Current Symbol
NASDAQ:ALGT
CUSIP
01748X10
Employees
5,315
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$95.70
High Stock Price Target
$145.00
Low Stock Price Target
$65.00
Potential Upside/Downside
+35.4%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$2.49 million
Pretax Margin
9.03%

Debt

Sales & Book Value

Annual Sales
$2.51 billion
Cash Flow
$13.67 per share
Book Value
$66.35 per share

Miscellaneous

Free Float
15,181,000
Market Cap
$1.30 billion
Optionable
Optionable
Beta
1.71

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ALGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Allegiant Travel stock right now?

10 Wall Street equities research 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 equities research 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 target for 2024?

10 brokers have issued twelve-month price targets for Allegiant Travel's shares. Their ALGT share price targets range from $65.00 to $145.00. On average, they anticipate the company's stock price to reach $95.70 in the next year. This suggests a possible upside of 35.4% 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 on January 1st, 2023. Since then, ALGT stock has increased by 4.0% and is now trading at $70.69.
View the best growth stocks for 2023 here
.

Are investors shorting Allegiant Travel?

Allegiant Travel saw a increase in short interest in November. As of November 15th, there was short interest totaling 843,200 shares, an increase of 20.8% from the October 31st total of 698,300 shares. Based on an average daily volume of 264,300 shares, the days-to-cover ratio is presently 3.2 days. Currently, 5.5% of the shares of the stock are short sold.
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, February 7th 2024.
View our ALGT earnings forecast
.

How were Allegiant Travel's earnings last quarter?

Allegiant Travel (NASDAQ:ALGT) announced its quarterly earnings results on Thursday, November, 2nd. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by $0.04. The transportation company had revenue of $565.36 million for the quarter, compared to analysts' expectations of $583.69 million. Allegiant Travel had a net margin of 6.71% and a trailing twelve-month return on equity of 8.15%.

How often does Allegiant Travel pay dividends? What is the dividend yield for Allegiant Travel?

Allegiant Travel declared a quarterly dividend on Tuesday, November 7th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.60 per share on Friday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Tuesday, November 14th.
Read our dividend analysis for ALGT
.

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 3.36%. The dividend payout ratio is 25.75%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALGT will have a dividend payout ratio of 28.64% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALGT.

What guidance has Allegiant Travel issued on next quarter's earnings?

Allegiant Travel issued an update on its FY23 earnings guidance on Thursday, November, 2nd. The company provided earnings per share guidance of $7.75-8.50 for the period, compared to the consensus earnings per share estimate of $8.52.

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).

Who are Allegiant Travel's major shareholders?

Allegiant Travel's stock is owned by a variety of retail and institutional investors. Top institutional investors include Diamond Hill Capital Management Inc. (4.67%), U S Global Investors Inc. (2.84%), Morgan Stanley (1.53%), American Century Companies Inc. (1.43%), Bank of New York Mellon Corp (0.86%) and Northern Trust Corp (0.81%). Insiders that own company stock include Gary Ellmer, Gregory Clark Anderson, Keny Frank Wilper, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
View institutional ownership trends
.

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.

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
This page (NASDAQ:ALGT) was last updated on 12/6/2023 by MarketBeat.com Staff

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