Allegiant Travel - ALGT Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALGT shares.
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10 equities research analysts have issued 12 month price objectives for Allegiant Travel's stock. Their ALGT share price forecasts range from $100.00 to $150.00. On average, they predict the company's share price to reach $116.09 in the next twelve months. This suggests a possible upside of 61.5% from the stock's current price.
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Allegiant Travel's stock was trading at $187.04 at the start of the year. Since then, ALGT stock has decreased by 61.6% and is now trading at $71.87.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 1st 2023.
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Allegiant Travel (NASDAQ:ALGT) released its earnings results on Wednesday, November, 2nd. The transportation company reported ($0.54) EPS for the quarter, missing the consensus estimate of ($0.47) by $0.07. The transportation company had revenue of $560.33 million for the quarter, compared to analyst estimates of $556.65 million. Allegiant Travel had a positive trailing twelve-month return on equity of 1.68% and a negative net margin of 1.80%.

Allegiant Travel updated its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided 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 a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.00%), Vanguard Group Inc. (9.11%), Diamond Hill Capital Management Inc. (4.11%), U S Global Investors Inc. (3.65%), State Street Corp (3.43%) and Macquarie Group Ltd. (2.66%). 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 $71.87.

Allegiant Travel (NASDAQ:ALGT) has a market capitalization of $1.32 billion and generates $1.71 billion in revenue each year. The transportation company earns $151.85 million in net income (profit) each year or ($2.19) 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.