Allegiant Travel - ALGT Stock Forecast, Price & News

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 12 month target prices for Allegiant Travel's shares. Their ALGT share price forecasts range from $80.00 to $150.00. On average, they predict the company's share price to reach $102.00 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
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Allegiant Travel's stock was trading at $67.99 on January 1st, 2023. Since then, ALGT stock has increased by 48.1% and is now trading at $100.67.
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Allegiant Travel saw a decrease in short interest during the month of January. As of January 15th, there was short interest totaling 574,100 shares, a decrease of 29.0% from the December 31st total of 808,700 shares. Based on an average daily volume of 231,600 shares, the short-interest ratio is presently 2.5 days. Currently, 3.7% of the shares of the stock are sold short.
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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) released its quarterly earnings data on Tuesday, October, 26th. The transportation company reported $0.66 earnings per share for the quarter, beating the consensus estimate 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 4.70% and a net margin of 0.11%. The firm's quarterly revenue was up 128.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($4.28) earnings per share.

Allegiant Travel updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $583.26 million-$592.48 million, compared to the consensus revenue estimate of $571.05 million.

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 many different retail and institutional investors. Top institutional shareholders include U S Global Investors Inc. (4.62%), Fort Washington Investment Advisors Inc. OH (1.32%), Capital Investment Services of America Inc. (0.35%), Oldfield Partners LLP (0.20%), New York State Teachers Retirement System (0.11%) and Janney Montgomery Scott LLC (0.06%). 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.
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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 $100.67.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.85 billion and generates $2.30 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or $0.09 on an earnings per share basis.

The company employs 4,733 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.