A number of firms have modified their ratings and price targets on shares of Allegiant Travel (NASDAQ: ALGT) recently:

  • 8/14/2019 – Allegiant Travel was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/14/2019 – Allegiant Travel had its price target raised by analysts at Morgan Stanley from $132.00 to $150.00. They now have an “equal weight” rating on the stock.
  • 8/1/2019 – Allegiant Travel was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 7/25/2019 – Allegiant Travel had its price target raised by analysts at Buckingham Research from $186.00 to $191.00. They now have a “buy” rating on the stock.
  • 7/23/2019 – Allegiant Travel had its price target raised by analysts at Sidoti from $178.00 to $180.00. They now have a “buy” rating on the stock.
  • 7/17/2019 – Allegiant Travel was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 7/17/2019 – Allegiant Travel was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/16/2019 – Allegiant Travel had its price target raised by analysts at Buckingham Research from $173.00 to $186.00. They now have a “buy” rating on the stock.
  • 7/9/2019 – Allegiant Travel had its price target raised by analysts at Citigroup Inc from $180.00 to $182.00. They now have a “buy” rating on the stock.
  • 7/4/2019 – Allegiant Travel was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/28/2019 – Allegiant Travel was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 6/26/2019 – Allegiant Travel was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/22/2019 – Allegiant Travel was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 6/18/2019 – Allegiant Travel was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Allegiant Travel stock traded down $1.11 during midday trading on Thursday, reaching $140.89. 140,539 shares of the stock traded hands, compared to its average volume of 166,646. The company has a current ratio of 1.29, a quick ratio of 1.24 and a debt-to-equity ratio of 1.66. The stock has a fifty day moving average price of $146.37. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 14.09 and a beta of 0.89. Allegiant Travel has a fifty-two week low of $98.18 and a fifty-two week high of $157.50.

Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, July 24th. The transportation company reported $4.33 EPS for the quarter, missing the consensus estimate of $4.67 by ($0.34). Allegiant Travel had a return on equity of 26.59% and a net margin of 10.54%. The company had revenue of $491.80 million for the quarter, compared to analyst estimates of $504.81 million. During the same quarter last year, the business posted $3.10 earnings per share. The business’s quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts expect that Allegiant Travel will post 13.68 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 20th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, September 19th. This represents a $2.80 annualized dividend and a dividend yield of 1.99%. Allegiant Travel’s dividend payout ratio is presently 28.00%.

In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 4,222 shares of Allegiant Travel stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $148.17, for a total transaction of $625,573.74. Following the completion of the transaction, the chief executive officer now owns 2,920,954 shares in the company, valued at $432,797,754.18. The sale 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 1,000 shares of Allegiant Travel stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $144.83, for a total value of $144,830.00. Following the transaction, the executive vice president now owns 16,477 shares of the company’s stock, valued at approximately $2,386,363.91. The disclosure for this sale can be found here. Insiders have sold 77,000 shares of company stock worth $11,713,663 over the last 90 days. 20.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in ALGT. Wasatch Advisors Inc. raised its stake in Allegiant Travel by 20.9% in the 2nd quarter. Wasatch Advisors Inc. now owns 774,176 shares of the transportation company’s stock worth $111,094,000 after acquiring an additional 133,858 shares during the last quarter. Fidelity National Financial Inc. raised its position in shares of Allegiant Travel by 989.4% during the 2nd quarter. Fidelity National Financial Inc. now owns 90,148 shares of the transportation company’s stock valued at $12,936,000 after buying an additional 81,873 shares during the period. Norges Bank purchased a new stake in shares of Allegiant Travel during the 4th quarter valued at approximately $6,493,000. BlackRock Inc. raised its position in shares of Allegiant Travel by 3.4% during the 2nd quarter. BlackRock Inc. now owns 1,885,795 shares of the transportation company’s stock valued at $270,613,000 after buying an additional 61,271 shares during the period. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Allegiant Travel during the 2nd quarter valued at approximately $7,401,000. Institutional investors and hedge funds own 79.32% of the company’s stock.

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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