Allegiant Travel (NASDAQ:ALGT) had its price target raised by equities researchers at Stifel Nicolaus from $200.00 to $210.00 in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage currently has a “buy” rating on the transportation company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 28.05% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. ValuEngine upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Zacks Investment Research downgraded Allegiant Travel from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Imperial Capital upped their price objective on Allegiant Travel from $132.00 to $150.00 and gave the company an “in-line” rating in a report on Tuesday, December 19th. BidaskClub upgraded Allegiant Travel from a “hold” rating to a “buy” rating in a report on Thursday, January 18th. Finally, Buckingham Research downgraded Allegiant Travel from a “buy” rating to a “neutral” rating in a report on Monday, December 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $159.36.

Shares of Allegiant Travel (ALGT) opened at $164.00 on Thursday. The firm has a market capitalization of $2,640.00, a price-to-earnings ratio of 17.45, a PEG ratio of 2.33 and a beta of 0.17. Allegiant Travel has a 52-week low of $111.54 and a 52-week high of $178.20. The company has a debt-to-equity ratio of 1.78, a quick ratio of 1.01 and a current ratio of 1.05.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, January 31st. The transportation company reported $2.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.78 by $0.93. The company had revenue of $378.56 million during the quarter, compared to the consensus estimate of $377.25 million. Allegiant Travel had a return on equity of 32.60% and a net margin of 12.96%. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.48 earnings per share. research analysts forecast that Allegiant Travel will post 10.79 EPS for the current year.

In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 182,182 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $167.18, for a total value of $30,457,186.76. Following the completion of the sale, the chief executive officer now directly owns 3,071,196 shares in the company, valued at $513,442,547.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Maurice J. Gallagher, Jr. sold 71,678 shares of the stock in a transaction dated Friday, January 12th. The stock was sold at an average price of $165.54, for a total value of $11,865,576.12. Following the completion of the sale, the chief executive officer now owns 3,071,196 shares of the company’s stock, valued at $508,405,785.84. The disclosure for this sale can be found here. Insiders sold 288,696 shares of company stock valued at $47,742,513 in the last quarter. 21.00% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Allegiant Travel by 154.9% in the third quarter. SG Americas Securities LLC now owns 6,371 shares of the transportation company’s stock worth $839,000 after acquiring an additional 3,872 shares in the last quarter. State Street Corp increased its holdings in shares of Allegiant Travel by 2.4% in the second quarter. State Street Corp now owns 354,060 shares of the transportation company’s stock worth $48,013,000 after acquiring an additional 8,300 shares in the last quarter. AHL Partners LLP increased its holdings in shares of Allegiant Travel by 309.1% in the second quarter. AHL Partners LLP now owns 38,747 shares of the transportation company’s stock worth $5,254,000 after acquiring an additional 29,275 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Allegiant Travel by 517.5% in the third quarter. Victory Capital Management Inc. now owns 5,267 shares of the transportation company’s stock worth $694,000 after acquiring an additional 4,414 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new stake in shares of Allegiant Travel in the second quarter worth about $385,000. Institutional investors own 85.99% of the company’s stock.

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About Allegiant Travel

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. The Company’s products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.

Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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