NASDAQ:ALGT

Allegiant Travel - ALGT Stock Forecast, Price & News

$71.26

-0.61 (-0.85%)

(As of 12/8/2022 12:00 AM ET)

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Today's Range: $70.52
▼
$73.79
50-Day Range: $65.44
▼
$83.35
52-Week Range: $63.78
▼
$195.66

Volume: 177,583 shs
Average Volume: 239,690 shs
Market Capitalization: $1.31 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $116.09

Allegiant Travel MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 62.9% Upside
$116.09 Price Target
Short Interest: Healthy
4.40% of Float Sold Short
Dividend Strength: N/A
Sustainability: -6.11
Upright™ Environmental Score
News Sentiment: -0.09
Based on 7 Articles This Week
Insider Trading: Selling Shares
$90,775 Sold Last Quarter
Proj. Earnings Growth: 757.53%
From $0.73 to $6.26 Per Share

Overall MarketRank^™

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

2.40 out of 5 stars

Transportation Sector

40th out of 123 stocks

Air Transportation, Scheduled Industry

4th out of 19 stocks

3.3

Analyst's Opinion

Consensus Rating
Allegiant Travel has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $116.09, Allegiant Travel has a forecasted upside of 62.9% from its current price of $71.26.
Amount of Analyst Coverage
Allegiant Travel has only been the subject of 3 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
4.40% of the float of Allegiant Travel has been sold short.
Short Interest Ratio / Days to Cover
Allegiant Travel has a short interest ratio ("days to cover") of 2.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Allegiant Travel has recently decreased by 6.69%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Allegiant Travel does not currently pay a dividend.
Dividend Growth
Allegiant Travel does not have a long track record of dividend growth.

0.5

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Allegiant Travel has received a -73.95% net impact score from Upright. The largest negative impact of Allegiant Travel Company in category "GHG emissions" seems to be driven mostly by its "Low-cost air travel on domestic flights", "Low-cost air travel on international flights", and "Holiday resort services" products. See details.
Environmental Sustainability
The Environmental Impact score for Allegiant Travel is -6.11.

1.6

News and Social Media Coverage

News Sentiment
Allegiant Travel has a news sentiment score of -0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.39 average news sentiment score of Transportation companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Allegiant Travel this week, compared to 4 articles on an average week.
Search Interest
3 people have searched for ALGT on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 5 people have added Allegiant Travel to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Allegiant Travel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $90,775.00 in company stock.
Percentage Held by Insiders
15.10% of the stock of Allegiant Travel is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
87.18% of the stock of Allegiant Travel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Allegiant Travel are expected to grow by 757.53% in the coming year, from $0.73 to $6.26 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Allegiant Travel is -32.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Allegiant Travel is -32.54, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Allegiant Travel has a P/B Ratio of 1.05. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 14, 2022, it operated a fleet of 110 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.

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ALGT Stock News Headlines

December 5, 2022 | seekingalpha.com

Allegiant Travel loses bull rating at Morgan Stanley due to uncertain near-term setup

December 5, 2022 | msn.com

What To Know About Morgan Stanley's Downgrade of Allegiant Travel

December 5, 2022 | finance.yahoo.com

After too little, too much, there are ‘Goldilocks’ conditions for air travel in 2023

December 2, 2022 | msn.com

Holiday travel is going to cost you big this year

December 2, 2022 | finance.yahoo.com

Airline Stock Roundup: UAL's Deal With Regional Carrier, ALK, ALGT in Focus

December 1, 2022 | finance.yahoo.com

ALLEGIANT ANNOUNCES PARTNERSHIP WITH DREAMWORKS ANIMATION'S PUSS IN BOOTS: THE LAST WISH

December 1, 2022 | msn.com

Holiday travel will cost you a pretty penny this year

November 21, 2022 | nasdaq.com

Allegiant (ALGT) October 2022 Passenger Volumes Top 2019-Level

November 19, 2022 | au.finance.yahoo.com

ALLEGIANT REPORTS OCTOBER 2022 TRAFFIC

November 16, 2022 | finance.yahoo.com

ALLEGIANT ANNOUNCES TWO NEW NONSTOP ROUTES WITH FARES AS LOW AS $37*

November 14, 2022 | seekingalpha.com

Allegiant Travel Company: Q3 Reveals Strong Business Model

November 9, 2022 | finance.yahoo.com

Allegiant Travel Third Quarter 2022 Earnings: EPS Misses Expectations

November 3, 2022 | seekingalpha.com

Allegiant Travel Company (ALGT) Q3 2022 Earnings Call Transcript

November 2, 2022 | finance.yahoo.com

ALLEGIANT TRAVEL COMPANY THIRD QUARTER FINANCIAL RESULTS

November 1, 2022 | finance.yahoo.com

ALLEGIANT PARTNERS WITH AMERICAN RED CROSS TO SPONSOR NATIONWIDE BLOOD DRIVE

October 26, 2022 | au.finance.yahoo.com

ALLEGIANT REPORTS SEPTEMBER 2022 TRAFFIC

October 25, 2022 | finance.yahoo.com

Construction starts on $25M new terminal at Phoenix-Mesa Gateway Airport

October 21, 2022 | finance.yahoo.com

READERS' CHOICE PICKS ALLEGIANT FOR BEST AIRLINE CREDIT CARD AND BEST FREQUENT FLYER PROGRAM

October 21, 2022 | finance.yahoo.com

Crexendo Scoops Allegiant Networks To Amplify Presence In Kansas & Missouri

October 20, 2022 | ca.finance.yahoo.com

Air Lease Corporation Announces Delivery of Tenth of Ten Airbus A320-200s to Allegiant

October 20, 2022 | finance.yahoo.com

The past year for Allegiant Travel (NASDAQ:ALGT) investors has not been profitable

October 18, 2022 | bizjournals.com

Two airlines cut flights from Fort Myers following Hurricane Ian

October 17, 2022 | seekingalpha.com

Allegiant wins approval for ultra low cost alliance in Mexico

October 17, 2022 | finance.yahoo.com

MEXICAN ANTITRUST COMMISSION AUTHORIZES COMMERCIAL ALLIANCE AGREEMENT BETWEEN ALLEGIANT AND VIVA AEROBUS

October 14, 2022 | finance.yahoo.com

ALLEGIANT TRAVEL COMPANY SCHEDULES THIRD QUARTER 2022 EARNINGS CALL

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ALGT Company Calendar

Last Earnings: 11/02/2022
Today: 12/08/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 2/01/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Air transportation, scheduled
Sub-Industry: Airlines
Sector: Transportation
Current Symbol: NASDAQ:ALGT
CUSIP: 01748X10
CIK: 1362468
Web: www.allegiantair.com
Phone: (702) 851-7300
Fax: 702-589-7213
Employees: 4,733
Year Founded: 1997

Price Target and Rating

Average Stock Price Forecast: $116.09
High Stock Price Forecast: $150.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +62.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.19)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 97.62
P/E Growth: N/A
Net Income: $151.85 million
Net Margins: -1.80%
Pretax Margin: -2.09%
Return on Equity: 1.68%
Return on Assets: 0.48%

Debt

Debt-to-Equity Ratio: 1.55
Current Ratio: 1.32
Quick Ratio: 1.27

Sales & Book Value

Annual Sales: $1.71 billion
Price / Sales: 0.77
Cash Flow: $11.19 per share
Price / Cash Flow: 6.37
Book Value: $67.64 per share
Price / Book: 1.05

Miscellaneous

Outstanding Shares: 18,399,000
Free Float: 15,621,000
Market Cap: $1.31 billion
Optionable: Optionable
Beta: 1.53

Social Links

Key Executives

Mr. Maurice J. Gallagher Jr. (Age 72)
Exec. Chairman

Mr. John T. Redmond (Age 63)
CEO & Director

Mr. Scott D. Sheldon (Age 44)
Pres & COO
Comp: $270.4k

Mr. Gregory Clark Anderson CPA (Age 40)
Pres & CFO
Comp: $270.4k

Mr. Robert P. Wilson III (Age 52)
Exec. VP & Chief Information Officer
Comp: $261.04k

Mr. Scott Wayne DeAngelo (Age 49)
Exec. VP & Chief Marketing Officer
Comp: $226.66k

Ms. Rebecca Aretos (Age 46)
VP & Principal Accounting Officer

Mr. Robert Neal
Sr. VP of Corp. Fin. & Treasurer

Mr. Robert B. Goldberg Esq.
Sr. VP, Sr. Counsel & Sec.

Ms. Rebecca Henry
Sr. VP & Chief HR Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

ALGT Stock - Frequently Asked Questions

Should I buy or sell Allegiant Travel stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" ALGT shares.
View ALGT analyst ratings or view top-rated stocks.
What is Allegiant Travel's stock price forecast for 2023?: 10 Wall Street research analysts have issued 1-year price targets for Allegiant Travel's stock. Their ALGT share price forecasts range from $100.00 to $150.00. On average, they predict the company's stock price to reach $116.09 in the next twelve months. This suggests a possible upside of 64.0% 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 2022?: Allegiant Travel's stock was trading at $187.04 at the beginning of the year. Since then, ALGT stock has decreased by 62.2% and is now trading at $70.79.
View the best growth stocks for 2022 here.
When is Allegiant Travel's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
View our ALGT earnings forecast.
How were Allegiant Travel's earnings last quarter?: Allegiant Travel (NASDAQ:ALGT) issued its quarterly earnings data on Wednesday, November, 2nd. The transportation company reported ($0.54) EPS for the quarter, missing analysts' consensus estimates of ($0.47) by $0.07. The transportation company had revenue of $560.33 million for the quarter, compared to analysts' expectations of $556.65 million. Allegiant Travel had a negative net margin of 1.80% and a positive trailing twelve-month return on equity of 1.68%.
What guidance has Allegiant Travel issued on next quarter's earnings?: Allegiant Travel updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $583.26 million-$592.48 million, compared to the consensus revenue estimate of $571.05 million.
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."
Who are Allegiant Travel's major shareholders?: Allegiant Travel's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (13.00%), Vanguard Group Inc. (9.11%), Diamond Hill Capital Management Inc. (4.11%), U S Global Investors Inc. (3.65%), State Street Corp (3.43%) and Macquarie Group Ltd. (2.66%). Insiders that own company 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.
View institutional ownership trends.
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 $70.79.
How much money does Allegiant Travel make?: Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.30 billion and generates $1.71 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or ($2.19) on an earnings per share basis.
How many employees does Allegiant Travel have?: The company employs 4,733 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 12/8/2022 by MarketBeat.com Staff

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