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.

Allegiant Travel Stock Up 1.9 %

Shares of NASDAQ:ALGT opened at $109.08 on Monday. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.49 and a current ratio of 1.53. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 42.44 and a beta of 1.49. The stock has a 50 day moving average price of $117.89 and a 200 day moving average price of $143.77. Allegiant Travel has a 52-week low of $102.99 and a 52-week high of $215.48.

Allegiant Travel (NASDAQ:ALGT - Get Rating) last announced its quarterly earnings results on Wednesday, August 3rd. The transportation company reported $0.62 earnings per share (EPS) 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 period in the previous year, the business posted $3.46 earnings per share. Sell-side analysts expect that Allegiant Travel will post 1.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ALGT shares. Deutsche Bank Aktiengesellschaft dropped their price target on Allegiant Travel from $245.00 to $190.00 in a research report on Thursday, August 4th. Morgan Stanley reduced their price objective on Allegiant Travel from $250.00 to $237.00 and set an "overweight" rating on the stock in a research report on Friday, July 8th. Wolfe Research cut Allegiant Travel from an "outperform" rating to a "peer perform" rating and set a $116.00 target price for the company. in a report on Friday. Susquehanna dropped their target price on Allegiant Travel from $185.00 to $140.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. Finally, Susquehanna Bancshares dropped their price objective on Allegiant Travel from $185.00 to $140.00 and set a "positive" rating for the company in a report on Tuesday, July 12th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Allegiant Travel has a consensus rating of "Moderate Buy" and a consensus target price of $180.80.

Insider Activity at Allegiant Travel

In related news, CFO Gregory Clark Anderson sold 858 shares of the business's stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $114.77, for a total value of $98,472.66. Following the completion of the sale, the chief financial officer now owns 42,255 shares in the company, valued at $4,849,606.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Allegiant Travel news, CFO Gregory Clark Anderson sold 858 shares of the company's stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $114.77, for a total transaction of $98,472.66. Following the completion of the sale, the chief financial officer now owns 42,255 shares in the company, valued at $4,849,606.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Scott Wayne Deangelo sold 500 shares of the company's stock in a transaction on Friday, July 1st. The stock was sold at an average price of $112.89, for a total value of $56,445.00. Following the sale, the chief marketing officer now owns 8,035 shares of the company's stock, valued at approximately $907,071.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,172 shares of company stock worth $394,943. Company insiders own 15.10% of the company's stock.