Shares of Allegiant Travel (NASDAQ:ALGT) have received an average rating of “Buy” from the seventeen analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $160.42.

ALGT has been the topic of several analyst reports. Imperial Capital restated an “outperform” rating and issued a $78.00 price objective (down from $83.00) on shares of Spirit Airlines in a report on Friday, April 26th. ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Citigroup lowered shares of Apergy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $41.00 to $34.00 in a report on Tuesday, July 9th. Zacks Investment Research lowered shares of GasLog Partners LP Unit from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley increased their price objective on shares of United Technologies from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Monday, May 20th.

Shares of ALGT stock traded up $0.32 during trading hours on Tuesday, reaching $148.55. 130,435 shares of the company were exchanged, compared to its average volume of 158,801. Allegiant Travel has a fifty-two week low of $98.18 and a fifty-two week high of $152.00. The business has a fifty day moving average price of $142.33. The firm has a market cap of $2.42 billion, a P/E ratio of 14.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.03 and a current ratio of 1.07.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, April 24th. The transportation company reported $3.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.88 by $0.10. Allegiant Travel had a net margin of 9.67% and a return on equity of 25.13%. The company had revenue of $451.60 million for the quarter, compared to analyst estimates of $452.24 million. During the same period in the prior year, the business earned $3.42 earnings per share. Allegiant Travel’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, sell-side analysts predict that Allegiant Travel will post 13.58 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Friday, June 14th were paid a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Thursday, June 13th. Allegiant Travel’s payout ratio is presently 28.00%.

In other Allegiant Travel news, EVP Robert Paul Wilson III sold 1,823 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $141.28, for a total value of $257,553.44. Following the completion of the sale, the executive vice president now owns 19,300 shares of the company’s stock, valued at $2,726,704. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Maurice J. Gallagher, Jr. sold 51,441 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $147.75, for a total transaction of $7,600,407.75. Following the completion of the sale, the chief executive officer now directly owns 2,929,920 shares of the company’s stock, valued at approximately $432,895,680. The disclosure for this sale can be found here. Insiders sold 116,184 shares of company stock valued at $17,161,650 in the last ninety days. Insiders own 20.90% of the company’s stock.

Large investors have recently modified their holdings of the business. Oregon Public Employees Retirement Fund lifted its stake in shares of Allegiant Travel by 2.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 5,043 shares of the transportation company’s stock worth $724,000 after buying an additional 100 shares during the last quarter. Capital Investment Services of America Inc. lifted its stake in shares of Allegiant Travel by 1.9% during the 2nd quarter. Capital Investment Services of America Inc. now owns 88,773 shares of the transportation company’s stock worth $12,739,000 after buying an additional 1,620 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Allegiant Travel during the 2nd quarter worth about $211,000. Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Allegiant Travel during the 1st quarter worth about $155,000. Finally, GYL Financial Synergies LLC acquired a new stake in shares of Allegiant Travel during the 1st quarter worth about $910,000. 79.77% of the stock is owned by hedge funds and other institutional investors.

About Allegiant Travel

Allegiant Travel Company, a leisure travel company, provides 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. As of February 15, 2019, it operated a fleet of 79 Airbus A320 series aircraft.

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Analyst Recommendations for Allegiant Travel (NASDAQ:ALGT)

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