Allegiant Travel (ALGT) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 9 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.
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13 Wall Street research analysts have issued 1-year target prices for Allegiant Travel's shares. Their ALGT share price forecasts range from $80.00 to $150.00. On average, they predict the company's share price to reach $104.42 in the next twelve months. This suggests a possible upside of 4.6% 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 stock has increased by 46.9% and is now trading at $99.86.
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Allegiant Travel saw a increase in short interest in May. As of May 15th, there was short interest totaling 713,300 shares, an increase of 8.2% from the April 30th total of 659,500 shares. Based on an average trading volume of 194,800 shares, the days-to-cover ratio is presently 3.7 days. Approximately 4.7% of the shares of the stock are short sold.
View Allegiant Travel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our ALGT earnings forecast.

Allegiant Travel (NASDAQ:ALGT) released its quarterly earnings results on Wednesday, May, 3rd. The transportation company reported $3.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.75. The transportation company earned $649.70 million during the quarter, compared to analysts' expectations of $627.89 million. Allegiant Travel had a trailing twelve-month return on equity of 9.23% and a net margin of 2.71%. Allegiant Travel's quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company earned ($0.12) earnings per share.

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), 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) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).

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 investors include BlackRock Inc. (14.12%), Diamond Hill Capital Management Inc. (4.36%), U S Global Investors Inc. (4.21%), State Street Corp (3.33%), Dimensional Fund Advisors LP (2.98%) and Macquarie Group Ltd. (2.76%). 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 $99.86.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.84 billion and generates $2.30 billion in revenue each year. The transportation company earns $2.49 million in net income (profit) each year or $3.62 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.