Allegiant Travel (ALGT) Stock Forecast, Price & News

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

10 Wall Street research analysts have issued twelve-month price objectives 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 $110.55 in the next twelve months. This suggests a possible upside of 43.3% from the stock's current price.
View analysts price targets for ALGT or view top-rated stocks among Wall Street analysts.

Allegiant Travel's stock was trading at $67.99 at the beginning of the year. Since then, ALGT stock has increased by 13.5% and is now trading at $77.15.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ALGT earnings forecast.

Allegiant Travel (NASDAQ:ALGT) announced its quarterly earnings data on Wednesday, August, 2nd. The transportation company reported $4.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 5.87% and a trailing twelve-month return on equity of 7.46%. The business'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.

Allegiant Travel declared a -- dividend on Wednesday, August 2nd. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.60 per share on Friday, September 1st. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for ALGT.

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).

Allegiant Travel (NASDAQ:ALGT) pays an annual dividend of $2.40 per share and currently has a dividend yield of 2.89%. 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 21.00% 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 number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.50%), Diamond Hill Capital Management Inc. (4.18%), Dimensional Fund Advisors LP (3.54%), State Street Corp (3.28%), Franklin Resources Inc. (2.76%) and U S Global Investors Inc. (2.59%). Insiders that own company stock include Gary Ellmer, Gregory Clark Anderson, Keny Frank Wilper, Linda A Marvin, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
View institutional ownership trends.

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.

One share of ALGT stock can currently be purchased for approximately $77.15.

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.

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.