ValuEngine downgraded shares of Allegiant Travel (NASDAQ:ALGT) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

Several other research analysts have also recently weighed in on the company. Imperial Capital reiterated an in-line rating and set a $125.00 price target (down from $152.00) on shares of Allegiant Travel in a research report on Wednesday, January 9th. They noted that the move was a valuation call. Evercore ISI upgraded Allegiant Travel from an in-line rating to an outperform rating and set a $180.00 price target for the company in a research report on Thursday, December 6th. BidaskClub upgraded Allegiant Travel from a sell rating to a hold rating in a research report on Saturday, January 5th. Citigroup lifted their price target on Allegiant Travel to $167.00 and gave the company a buy rating in a research report on Thursday, January 10th. Finally, Morgan Stanley lifted their price target on Allegiant Travel from $130.00 to $133.00 and gave the company an equal weight rating in a research report on Wednesday, November 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $150.62.

Allegiant Travel stock opened at $127.36 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.96 and a quick ratio of 0.93. Allegiant Travel has a 52 week low of $98.18 and a 52 week high of $179.45. The stock has a market cap of $2.06 billion, a P/E ratio of 12.74, a PEG ratio of 0.28 and a beta of 0.88.

Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, January 30th. The transportation company reported $2.56 EPS for the quarter, topping the Zacks’ consensus estimate of $2.47 by $0.09. Allegiant Travel had a return on equity of 25.01% and a net margin of 9.70%. The firm had revenue of $412.11 million during the quarter, compared to the consensus estimate of $410.69 million. During the same quarter in the previous year, the company posted $5.18 earnings per share. The company’s revenue was up 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Allegiant Travel will post 13.7 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Stockholders of record on Friday, March 1st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Thursday, February 28th. Allegiant Travel’s dividend payout ratio (DPR) is presently 28.00%.

In other news, CEO Maurice J. Gallagher, Jr. sold 9,737 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $128.05, for a total value of $1,246,822.85. Following the completion of the sale, the chief executive officer now directly owns 2,987,079 shares in the company, valued at $382,495,465.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert Paul Wilson III sold 486 shares of the business’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $111.98, for a total value of $54,422.28. Following the completion of the sale, the executive vice president now owns 17,330 shares of the company’s stock, valued at $1,940,613.40. The disclosure for this sale can be found here. 20.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. IFP Advisors Inc increased its position in shares of Allegiant Travel by 100.0% in the fourth quarter. IFP Advisors Inc now owns 300 shares of the transportation company’s stock valued at $30,000 after buying an additional 150 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Allegiant Travel by 45.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 541 shares of the transportation company’s stock valued at $54,000 after buying an additional 168 shares in the last quarter. CSat Investment Advisory L.P. increased its position in shares of Allegiant Travel by 29.8% in the fourth quarter. CSat Investment Advisory L.P. now owns 566 shares of the transportation company’s stock valued at $57,000 after buying an additional 130 shares in the last quarter. LS Investment Advisors LLC increased its position in shares of Allegiant Travel by 161.7% in the fourth quarter. LS Investment Advisors LLC now owns 1,010 shares of the transportation company’s stock valued at $101,000 after buying an additional 624 shares in the last quarter. Finally, Citigroup Inc. increased its position in shares of Allegiant Travel by 780.6% in the fourth quarter. Citigroup Inc. now owns 1,638 shares of the transportation company’s stock valued at $164,000 after buying an additional 1,452 shares in the last quarter. Institutional investors and hedge funds own 80.48% of the company’s stock.

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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