Allegiant Travel Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Allegiant Travel stock.
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10 brokerages have issued twelve-month target prices for Allegiant Travel's stock. Their ALGT stock forecasts range from $200.00 to $250.00. On average, they expect Allegiant Travel's stock price to reach $234.67 in the next twelve months. This suggests a possible upside of 90.0% from the stock's current price.
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Allegiant Travel's stock was trading at $187.04 at the beginning of the year. Since then, ALGT shares have decreased by 34.0% and is now trading at $123.49.
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Allegiant Travel is scheduled to release its next quarterly earnings announcement on Wednesday, July 27th 2022.
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Allegiant Travel (NASDAQ:ALGT) released its quarterly earnings data on Wednesday, May, 4th. The transportation company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.10 by $0.22. The transportation company earned $500.10 million during the quarter, compared to analyst estimates of $495.33 million. Allegiant Travel had a trailing twelve-month return on equity of 7.66% and a net margin of 7.11%. The business's quarterly revenue was up 79.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.58) earnings per share.
View Allegiant Travel's earnings history.

Allegiant Travel updated its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $629.45 million-$649.12 million, compared to the consensus revenue estimate of $600.72 million.

422 employees have rated Allegiant Travel CEO Maury Gallagher Jr. on Glassdoor.com. Maury Gallagher Jr. has an approval rating of 94% among Allegiant Travel's employees. This puts Maury Gallagher Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Allegiant Travel include Southwest Airlines (LUV), Delta Air Lines (DAL), United Airlines (UAL), Alaska Air Group (ALK), JetBlue Airways (JBLU), Copa (CPA), SkyWest (SKYW) and Hawaiian (HA).
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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 institutional and retail investors. Top institutional investors include BlackRock Inc. (13.00%), Vanguard Group Inc. (9.10%), Wasatch Advisors Inc. (6.66%), Neuberger Berman Group LLC (4.46%), State Street Corp (3.55%) and U S Global Investors Inc. (3.40%). Company insiders that own Allegiant Travel stock include Charles W Pollard, Gary Ellmer, Gregory Clark Anderson, John Redmond, Linda A Marvin, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
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ALGT stock was sold by a variety of institutional investors in the last quarter, including Owls Nest Partners IA LLC, Goldman Sachs Group Inc., JPMorgan Chase & Co., Federated Hermes Inc., Neuberger Berman Group LLC, Russell Investments Group Ltd., New York State Common Retirement Fund, and PDT Partners LLC. Company insiders that have sold Allegiant Travel company stock in the last two years include Gary Ellmer, Gregory Clark Anderson, Linda A Marvin, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon, and Scott Wayne Deangelo.
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ALGT stock was bought by a variety of institutional investors in the last quarter, including Diamond Hill Capital Management Inc., Group One Trading L.P., U S Global Investors Inc., PEAK6 Investments LLC, Jane Street Group LLC, GW&K Investment Management LLC, State Street Corp, and Royce & Associates LP.
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Shares of ALGT 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 $123.49.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $2.24 billion and generates $1.71 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or $7.819990 on an earnings per share basis.

Allegiant Travel employs 4,733 workers across the globe.

Allegiant Travel was founded in 1997.

Allegiant Travel's mailing address is 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV, 89144. The official website for Allegiant Travel is www.allegiantair.com. The transportation company can be reached via phone at (702) 851-7300, via email at [email protected], or via fax at 702-589-7213.