NASDAQ:ALGTAllegiant Travel Stock Price, Forecast & News

Allegiant Travel's stock was trading at $119.97 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ALGT shares have decreased by 9.0% and is now trading at $109.22. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 1 sell rating, 4 hold ratings, 5 buy ratings and 1 strong buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Allegiant Travel.

Allegiant Travel is scheduled to release its next quarterly earnings announcement on Wednesday, July 22nd 2020. View our earnings forecast for Allegiant Travel.

Allegiant Travel (NASDAQ:ALGT) issued its earnings results on Tuesday, May, 12th. The transportation company reported $2.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.53 by $1.52. The transportation company had revenue of $409.20 million for the quarter, compared to analysts' expectations of $409.47 million. Allegiant Travel had a return on equity of 24.99% and a net margin of 7.86%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.52 EPS. View Allegiant Travel's earnings history.

Allegiant Travel announced a quarterly dividend on Wednesday, January 29th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.70 per share on Thursday, March 12th. This represents a $2.80 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 28th. View Allegiant Travel's dividend history.

11 analysts have issued twelve-month target prices for Allegiant Travel's stock. Their forecasts range from $73.00 to $205.00. On average, they expect Allegiant Travel's stock price to reach $146.58 in the next year. This suggests a possible upside of 34.2% from the stock's current price. View analysts' price targets for Allegiant Travel.

Media stories about ALGT stock have trended negative this week, according to InfoTrie Sentiment. The research group scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Allegiant Travel earned a daily sentiment score of -2.8 on InfoTrie's scale. They also assigned media headlines about the transportation company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Allegiant Travel.

Allegiant Travel saw a decrease in short interest in June. As of June 15th, there was short interest totaling 1,620,000 shares, a decrease of 12.4% from the May 31st total of 1,850,000 shares. Based on an average trading volume of 377,400 shares, the days-to-cover ratio is currently 4.3 days. Approximately 12.6% of the company's shares are sold short. View Allegiant Travel's Current Options Chain.

Some companies that are related to Allegiant Travel include Delta Air Lines (DAL), Southwest Airlines (LUV), United Continental (UAL), Alaska Air Group (ALK), JetBlue Airways (JBLU), Copa (CPA), SkyWest (SKYW), Spirit Airlines (SAVE) and Hawaiian (HA). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Alaska Air Group (ALK), InterDigital Wireless (IDCC), Visa (V), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Alibaba Group (BABA), Ford Motor (F), Exxon Mobil (XOM), Bank of Hawaii (BOH) and Caterpillar (CAT).

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

Shares of ALGT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ALGT stock can currently be purchased for approximately $109.22.

Allegiant Travel has a market capitalization of $1.77 billion and generates $1.84 billion in revenue each year. The transportation company earns $232.12 million in net income (profit) each year or $14.26 on an earnings per share basis. Allegiant Travel employs 4,697 workers across the globe.

The official website for Allegiant Travel is www.allegiantair.com.

Allegiant Travel's mailing address is 1201 NORTH TOWN CENTER DRIVE, LAS VEGAS NV, 89144. The transportation company can be reached via phone at 702-851-7300 or via email at [email protected]