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3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Is Apple Pointing to a Massive Recession in the U.S.? (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
'Everyone's Got a Story of How the Healthcare System Has Fallen Short.' This Founder Is on a Mission to Change That.
Former Deutsche Bank Co-CEO Anshu Jain dies
Germany urged to cap heat in offices this winter to save gas
3rd Massive Dollar Upheaval Has Started (Ad)
NASDAQ:ALGT

Allegiant Travel - ALGT Stock Forecast, Price & News

$109.08
+2.06 (+1.92%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$105.22
$109.09
50-Day Range
$104.20
$149.63
52-Week Range
$102.99
$215.48
Volume
294,648 shs
Average Volume
235,132 shs
Market Capitalization
$1.98 billion
P/E Ratio
42.44
Dividend Yield
N/A
Price Target
$180.80

Allegiant Travel MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
65.7% Upside
$180.80 Price Target
Short Interest
Healthy
3.60% of Float Sold Short
Dividend Strength
N/A
Sustainability
-6.11
Upright™ Environmental Score
News Sentiment
0.40mentions of Allegiant Travel in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$394,943 Sold Last Quarter
Proj. Earnings Growth
516.28%
From $1.72 to $10.60 Per Share

Overall MarketRank

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

2.72 out of 5 stars

Transportation Sector

19th out of 125 stocks

Air Transportation, Scheduled Industry

5th 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 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.

Analyst Ratings Changes

Several equities analysts recently commented on ALGT shares. Susquehanna decreased their price target on shares of Allegiant Travel from $185.00 to $140.00 and set a "positive" rating on the stock in a research note on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Allegiant Travel from $245.00 to $190.00 in a research note on Thursday, August 4th. Evercore ISI reduced their price objective on shares of Allegiant Travel from $175.00 to $150.00 and set an "in-line" rating on the stock in a research note on Monday, June 27th. Susquehanna Bancshares reduced their price objective on shares of Allegiant Travel from $185.00 to $140.00 and set a "positive" rating on the stock in a research note on Tuesday, July 12th. Finally, Wolfe Research downgraded shares of Allegiant Travel from an "outperform" rating to a "peer perform" rating and set a $116.00 price objective on the stock. in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $180.80.

Allegiant Travel Trading Up 1.9 %

ALGT opened at $109.08 on Friday. The company's 50 day moving average is $117.89 and its 200-day moving average is $143.97. Allegiant Travel has a 1-year low of $102.99 and a 1-year high of $215.48. The company has a current ratio of 1.53, a quick ratio of 1.49 and a debt-to-equity ratio of 1.46. The company has a market cap of $1.98 billion, a P/E ratio of 42.44 and a beta of 1.49.

Allegiant Travel (NASDAQ:ALGT - Get Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The transportation company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.06 by ($0.44). Allegiant Travel had a net margin of 2.23% and a return on equity of 3.51%. During the same quarter last year, the company earned $3.46 earnings per share. Equities research analysts predict that Allegiant Travel will post 1.72 earnings per share for the current fiscal year.

Insider Activity at Allegiant Travel

In related news, CFO Gregory Clark Anderson sold 858 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $114.77, for a total value of $98,472.66. Following the completion of the transaction, the chief financial officer now owns 42,255 shares in the company, valued at approximately $4,849,606.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Gregory Clark Anderson sold 858 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $114.77, for a total value of $98,472.66. Following the completion of the transaction, the chief financial officer now owns 42,255 shares in the company, valued at approximately $4,849,606.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, COO Scott Sheldon sold 914 shares of the firm's stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $114.77, for a total transaction of $104,899.78. Following the completion of the transaction, the chief operating officer now owns 38,680 shares of the company's stock, valued at approximately $4,439,303.60. The disclosure for this sale can be found here. Insiders sold a total of 3,172 shares of company stock worth $394,943 in the last quarter. 15.10% of the stock is owned by insiders.

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ALGT Stock News Headlines

Budget airline Allegiant cuts profit outlook on rising costs
Shares of Allegiant Air’s parent company are falling after the company cut its prediction for second-quarter profit
Allegiant Travel (NASDAQ:ALGT) PT Lowered to $150.00 at Barclays
Allegiant Travel (NASDAQ:ALGT) COO Sells $104,899.78 in Stock
Allegiant Travel (ALGT) Matches Q2 Earnings Estimates
ALLEGIANT REPORTS JUNE 2022 TRAFFIC
See More Headlines
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ALGT Company Calendar

Last Earnings
8/03/2022
Today
8/14/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
Current Symbol
NASDAQ:ALGT
CUSIP
01748X10
Employees
4,733
Year Founded
1997

Price Target and Rating

Average Stock Price Forecast
$180.80
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$116.00
Forecasted Upside/Downside
+65.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$151.85 million
Pretax Margin
2.91%

Debt

Sales & Book Value

Annual Sales
$1.71 billion
Cash Flow
$11.95 per share
Book Value
$67.78 per share

Miscellaneous

Free Float
15,436,000
Market Cap
$1.98 billion
Optionable
Optionable
Beta
1.49

Social Links















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 twelve months. There are currently 4 hold ratings and 6 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 2022?

10 Wall Street research analysts have issued 12 month price targets for Allegiant Travel's shares. Their ALGT share price forecasts range from $116.00 to $250.00. On average, they expect the company's stock price to reach $180.80 in the next twelve months. This suggests a possible upside of 65.7% 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 start of the year. Since then, ALGT shares have decreased by 41.7% and is now trading at $109.08.
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, October 26th 2022.
View our ALGT earnings forecast
.

How were Allegiant Travel's earnings last quarter?

Allegiant Travel (NASDAQ:ALGT) posted its quarterly earnings data on Wednesday, August, 3rd. The transportation company reported $0.62 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.44. Allegiant Travel had a net margin of 2.23% and a trailing twelve-month return on equity of 3.51%. During the same quarter last year, the business posted $3.46 earnings per share.

What guidance has Allegiant Travel issued on next quarter's earnings?

Allegiant Travel issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $563.10 million-$563.10 million, compared to the consensus revenue estimate of $589.67 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 many different retail and institutional investors. Top institutional investors include Franklin Resources Inc. (2.06%), Geneva Capital Management LLC (1.92%), Fort Washington Investment Advisors Inc. OH (1.72%), Northern Trust Corp (0.86%), Principal Financial Group Inc. (0.52%) and Assenagon Asset Management S.A. (0.51%). 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 $109.08.

How much money does Allegiant Travel make?

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.98 billion and generates $1.71 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or $2.57 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

When was Allegiant Travel founded?

Allegiant Travel was founded in 1997.

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 8/14/2022 by MarketBeat.com Staff

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