Allegiant Travel - ALGT Stock Forecast, Price & News

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.