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NASDAQ:ALGT

Allegiant Travel - ALGT Stock Forecast, Price & News

$111.37
+2.29 (+2.10%)
(As of 08/15/2022 01:56 PM ET)
Add
Compare
Today's Range
$110.13
$112.73
50-Day Range
$104.20
$149.63
52-Week Range
$102.99
$215.48
Volume
5,817 shs
Average Volume
234,718 shs
Market Capitalization
$2.02 billion
P/E Ratio
43.33
Dividend Yield
N/A
Price Target
$180.80

Allegiant Travel MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
62.1% 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
0.53mentions of Allegiant Travel in the last 14 days
Based on 18 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.

2.73 out of 5 stars

Transportation Sector

19th out of 128 stocks

Air Transportation, Scheduled Industry

4th out of 19 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.

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.

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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
8/15/2022
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
+62.3%
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
$12.20 per share
Book Value
$67.64 per share

Miscellaneous

Free Float
15,436,000
Market Cap
$2.02 billion
Optionable
Optionable
Beta
1.49

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ALGT Stock - Frequently Asked Questions

Should I buy or sell Allegiant Travel stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 twelve-month target prices for Allegiant Travel's stock. Their ALGT share price forecasts range from $116.00 to $250.00. On average, they anticipate the company's stock price to reach $180.80 in the next year. 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 beginning of 2022. 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) announced its quarterly earnings data 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 trailing twelve-month return on equity of 3.51% and a net margin of 2.23%. During the same quarter in the previous year, the firm 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 (EPS) 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 a number of 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 8/15/2022 by MarketBeat.com Staff

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