Allegiant Travel - ALGT Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 10 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGT, but not buy additional shares or sell existing shares.
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13 brokers have issued 1-year price targets for Allegiant Travel's shares. Their ALGT share price forecasts range from $80.00 to $150.00. On average, they predict the company's stock price to reach $102.75 in the next year. This suggests a possible upside of 24.9% from the stock's current price.
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Allegiant Travel's stock was trading at $67.99 at the beginning of the year. Since then, ALGT stock has increased by 21.0% and is now trading at $82.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Allegiant Travel (NASDAQ:ALGT) announced its earnings results on Tuesday, October, 26th. The transportation company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.02. The transportation company earned $459.47 million during the quarter, compared to the consensus estimate of $451.35 million. Allegiant Travel had a trailing twelve-month return on equity of 4.69% and a net margin of 0.11%. Allegiant Travel's revenue was up 128.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($4.28) earnings per share.

ETFs with the largest weight of Allegiant Travel (NASDAQ:ALGT) stock in their portfolio include U.S. Global Jets ETF (JETS), SPDR S&P Transportation ETF (XTN), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Industrials ETF (PSCI), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO), First Trust Small Cap Value AlphaDEX Fund (FYT), Defiance Hotel, Airline, and Cruise ETF (CRUZ) and Invesco S&P SmallCap 600 Pure Value ETF (RZV).

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.

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).

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

Allegiant Travel's stock is owned by a number of retail and institutional investors. Top institutional investors include T. Rowe Price Investment Management Inc. (8.64%), U S Global Investors Inc. (4.62%), Diamond Hill Capital Management Inc. (3.99%), Macquarie Group Ltd. (2.70%), Franklin Resources Inc. (2.69%) and Dimensional Fund Advisors LP (1.96%). Insiders that own company stock include Charles W Pollard, Gary Ellmer, Gregory Clark Anderson, John Redmond, Keny Frank Wilper, Linda A Marvin, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
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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.
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One share of ALGT stock can currently be purchased for approximately $82.25.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.49 billion and generates $2.30 billion in revenue each year. The transportation company earns $2.49 million in net income (profit) each year or $0.09 on an earnings per share basis.

The company employs 5,315 workers across the globe.

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.