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 9 hold ratings and 4 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.

13 analysts have issued 12 month price targets for Allegiant Travel's stock. Their ALGT share price forecasts range from $80.00 to $150.00. On average, they expect the company's stock price to reach $102.00 in the next year. This suggests a possible upside of 1.3% 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 on January 1st, 2023. Since then, ALGT shares have increased by 48.1% and is now trading at $100.67.
View the best growth stocks for 2023 here.

Allegiant Travel saw a drop in short interest in the month of January. As of January 15th, there was short interest totaling 574,100 shares, a drop of 29.0% from the December 31st total of 808,700 shares. Based on an average daily trading volume, of 231,600 shares, the short-interest ratio is presently 2.5 days. Currently, 3.7% of the company's stock are short sold.
View Allegiant Travel's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our ALGT earnings forecast.

Allegiant Travel (NASDAQ:ALGT) announced its earnings results on Tuesday, October, 26th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02. The transportation company had revenue of $459.47 million for the quarter, compared to the consensus estimate of $451.35 million. Allegiant Travel had a trailing twelve-month return on equity of 4.70% and a net margin of 0.11%. Allegiant Travel's revenue was up 128.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($4.28) EPS.

Allegiant Travel updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS 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.

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 shareholders include U S Global Investors Inc. (4.62%), Fort Washington Investment Advisors Inc. OH (1.32%), Capital Investment Services of America Inc. (0.35%), Oldfield Partners LLP (0.20%), New York State Teachers Retirement System (0.11%) and Janney Montgomery Scott LLC (0.06%). 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.

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 $100.67.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.85 billion and generates $2.30 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or $0.09 on an earnings per share basis.

The company employs 4,733 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.