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NASDAQ:ALGT

Allegiant Travel (ALGT) Stock Forecast, Price & News

$75.62
-1.24 (-1.61%)
(As of 01:16 PM ET)
Compare
Today's Range
$75.30
$76.72
50-Day Range
$75.27
$128.21
52-Week Range
$62.94
$130.93
Volume
54,491 shs
Average Volume
211,779 shs
Market Capitalization
$1.40 billion
P/E Ratio
9.24
Dividend Yield
3.17%
Price Target
$108.09

Allegiant Travel MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
40.1% Upside
$106.27 Price Target
Short Interest
Healthy
4.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-6.11
Upright™ Environmental Score
News Sentiment
0.52mentions of Allegiant Travel in the last 14 days
Based on 22 Articles This Week
Insider Trading
Selling Shares
$209,520 Sold Last Quarter
Proj. Earnings Growth
15.09%
From $9.28 to $10.68 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Transportation Sector

27th out of 118 stocks

Air Transportation, Scheduled Industry

8th out of 18 stocks


ALGT stock logo

About Allegiant Travel (NASDAQ:ALGT) Stock

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 Price History

ALGT Stock News Headlines

The CEO of Allegiant Air's parent company is out after barely a year, replaced by the former boss
There's a shakeup at the top of Allegiant Travel, the parent company of the Allegiant budget airline
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity? (ALGT)
Until the fundamentals show progress, Jet Blue stock may be headed due south to a new all-time low - with or without the pending Spirit deal.
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
"Chilling War Games Show US Forces Crushed" – FOX NEWS
=== BREAKING === "Chilling War Games Show US Forces Crushed" - FOX NEWS After losing to China in repeated war games, U.S. military to spend billions on new "living missile" for armed forces. Investors stand to reap 35,960% on shares of small defense contractor that makes powerful new weapon. Get the name of the stock here >>>
Allegiant CEO Resigns, Founder Gallagher Returns to Top Job
Allegiant Travel CEO John Redmond Resigns
The Latest Analyst Ratings for Allegiant Travel
ALLEGIANT REPORTS AUGUST 2023 TRAFFIC
See More Headlines
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ALGT Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 9/1 Dividend
8/14/2023
Dividend Payable
9/01/2023
Today
10/02/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

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 Forecast
$108.09
High Stock Price Forecast
$145.00
Low Stock Price Forecast
$80.00
Forecasted Upside/Downside
+40.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$2.49 million
Pretax Margin
8.00%

Debt

Sales & Book Value

Annual Sales
$2.30 billion
Cash Flow
$13.80 per share
Book Value
$66.35 per share

Miscellaneous

Free Float
15,219,000
Market Cap
$1.42 billion
Optionable
Optionable
Beta
1.72

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Key Executives

  • Mr. Maurice J. Gallagher Jr. (Age 73)
    Exec. Chairman
    Comp: $3M
  • Mr. John T. Redmond (Age 64)
    CEO & Director
    Comp: $3.5M
  • Mr. Gregory Clark Anderson CPA (Age 41)
    Pres
    Comp: $270.4k
  • Mr. Robert P. Wilson III (Age 53)
    Exec. VP & Chief Information Officer
    Comp: $270.4k
  • Mr. Scott Wayne DeAngeloMr. Scott Wayne DeAngelo (Age 50)
    Exec. VP & Chief Marketing Officer
    Comp: $260k
  • Mr. Robert J. Neal (Age 39)
    Sr. VP & CFO
  • Mr. Keny F. Wilper (Age 45)
    Sr. VP & COO
  • Ms. Rebecca  AretosMs. Rebecca Aretos (Age 47)
    VP & Principal Accounting Officer
  • Mr. Robert B. Goldberg Esq.
    Sr. VP, Sr. Counsel & Sec.
  • Ms. Rebecca Henry
    Sr. VP & Chief HR Officer













ALGT Stock - Frequently Asked Questions

Should I buy or sell Allegiant Travel stock right now?

10 Wall Street 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 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 forecast for 2023?

10 analysts have issued 12 month target prices 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 $108.09 in the next twelve months. This suggests a possible upside of 40.6% 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 at the beginning of the year. Since then, ALGT shares have increased by 13.0% and is now trading at $76.86.
View the best growth stocks for 2023 here
.

Are investors shorting Allegiant Travel?

Allegiant Travel saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 613,300 shares, an increase of 31.0% from the August 31st total of 468,100 shares. Based on an average trading volume of 216,300 shares, the short-interest ratio is presently 2.8 days. Approximately 4.0% of the shares of the company are sold short.
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, November 1st 2023.
View our ALGT earnings forecast
.

How were Allegiant Travel's earnings last quarter?

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

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

Allegiant Travel announced a -- dividend on Wednesday, August 2nd. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.60 per share on Friday, September 1st. The ex-dividend date is Monday, August 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 3.12%. 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 22.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALGT.

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).

What is Allegiant Travel's stock symbol?

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

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.

What is Allegiant Travel's stock price today?

One share of ALGT stock can currently be purchased for approximately $76.86.

How much money does Allegiant Travel make?

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.

How many employees does Allegiant Travel have?

The company employs 5,315 workers across the globe.

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
How can I contact Allegiant Travel?

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.

This page (NASDAQ:ALGT) was last updated on 10/2/2023 by MarketBeat.com Staff

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