Allegiant Travel - ALGT Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 10 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.

13 analysts have issued 1-year target prices for Allegiant Travel's stock. Their ALGT share price forecasts range from $80.00 to $150.00. On average, they expect the company's share price to reach $102.75 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
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Allegiant Travel's stock was trading at $67.99 at the beginning of 2023. Since then, ALGT shares have increased by 19.0% and is now trading at $80.88.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ALGT earnings forecast.

Allegiant Travel (NASDAQ:ALGT) released its quarterly earnings results on Tuesday, October, 26th. The transportation company reported $0.66 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The transportation company earned $459.47 million during the quarter, compared to the consensus estimate of $451.35 million. Allegiant Travel had a net margin of 0.11% and a trailing twelve-month return on equity of 4.69%. Allegiant Travel's quarterly revenue was up 128.6% on a year-over-year basis. During the same quarter last year, the firm earned ($4.28) EPS.

ETFs with the largest weight of Allegiant Travel (NASDAQ:ALGT) stock in their portfolio include U.S. Global Jets ETF (JETS), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Industrials ETF (PSCI), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), First Trust Small Cap Value AlphaDEX Fund (FYT), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Invesco S&P SmallCap 600 Pure Value ETF (RZV) and Syntax Stratified SmallCap ETF (SSLY).

Allegiant Travel (NASDAQ:ALGT) pays an annual dividend of $2.80 per share and currently has a dividend yield of 0.00%. The dividend payout ratio is 3,111.11%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ALGT will have a dividend payout ratio of 28.17% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALGT.

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.

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).

Allegiant Travel trades on the NASDAQ under the ticker symbol "ALGT."

Allegiant Travel's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include T. Rowe Price Investment Management Inc. (8.64%), U S Global Investors Inc. (4.62%), Diamond Hill Capital Management Inc. (3.99%), Macquarie Group Ltd. (2.70%), Franklin Resources Inc. (2.69%) and Dimensional Fund Advisors LP (1.96%). Insiders that own company stock include Charles W Pollard, Gary Ellmer, Gregory Clark Anderson, John Redmond, Keny Frank Wilper, Linda A Marvin, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
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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.
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One share of ALGT stock can currently be purchased for approximately $80.88.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.47 billion and generates $2.30 billion in revenue each year. The transportation company earns $2.49 million in net income (profit) each year or $0.09 on an earnings per share basis.

The company employs 5,315 workers across the globe.

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.