Shares of Allegiant Travel (NASDAQ:ALGT) have been given an average rating of “Hold” by the fifteen analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $149.80.

ALGT has been the topic of a number of analyst reports. Morgan Stanley cut their target price on Allegiant Travel from $164.00 to $156.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 12th. ValuEngine cut Allegiant Travel from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 26th. Barclays dropped their price objective on Allegiant Travel from $135.00 to $117.00 and set an “underweight” rating on the stock in a research note on Monday, July 16th. BidaskClub raised Allegiant Travel from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Finally, Imperial Capital dropped their price objective on Allegiant Travel from $165.00 to $121.00 and set an “inline” rating on the stock in a research note on Friday, July 27th.

Shares of ALGT traded down $0.80 during mid-day trading on Friday, reaching $135.40. 108,617 shares of the company’s stock traded hands, compared to its average volume of 189,405. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of 14.18 and a beta of 0.15. Allegiant Travel has a 12 month low of $111.54 and a 12 month high of $181.45. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.83 and a current ratio of 0.87.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, July 25th. The transportation company reported $3.10 EPS for the quarter, beating analysts’ consensus estimates of $2.66 by $0.44. The firm had revenue of $436.80 million for the quarter, compared to analysts’ expectations of $437.69 million. Allegiant Travel had a return on equity of 30.22% and a net margin of 13.21%. The company’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 earnings per share. analysts predict that Allegiant Travel will post 9.67 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Investors of record on Friday, August 17th will be paid a $0.70 dividend. The ex-dividend date is Thursday, August 16th. This represents a $2.80 annualized dividend and a yield of 2.07%. Allegiant Travel’s dividend payout ratio (DPR) is currently 29.32%.

In related news, EVP Robert Paul Wilson III sold 380 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $135.01, for a total value of $51,303.80. Following the transaction, the executive vice president now owns 17,816 shares of the company’s stock, valued at $2,405,338.16. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 20.80% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in ALGT. D.A. Davidson & CO. bought a new stake in Allegiant Travel during the 1st quarter valued at $201,000. ARGI Investment Services LLC bought a new stake in Allegiant Travel during the 1st quarter valued at $207,000. Oppenheimer Asset Management Inc. bought a new stake in Allegiant Travel during the 1st quarter valued at $223,000. Bayesian Capital Management LP bought a new stake in Allegiant Travel during the 1st quarter valued at $236,000. Finally, Raymond James & Associates boosted its position in Allegiant Travel by 41.2% during the 2nd quarter. Raymond James & Associates now owns 1,757 shares of the transportation company’s stock valued at $244,000 after acquiring an additional 513 shares in the last quarter. 89.66% of the stock is currently owned by institutional investors and hedge funds.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, focuses on the provision of 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.

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Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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