Allegiant Travel (NASDAQ:ALGT) will be posting its quarterly earnings results after the market closes on Wednesday, January 31st. Analysts expect Allegiant Travel to post earnings of $2.09 per share for the quarter.
Allegiant Travel (NASDAQ:ALGT) opened at $160.00 on Monday. The company has a market cap of $2,511.37, a PE ratio of 17.19, a price-to-earnings-growth ratio of 2.29 and a beta of 0.16. 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 has a 52 week low of $111.54 and a 52 week high of $178.45.
In other Allegiant Travel news, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of the firm’s stock in a transaction dated Friday, December 28th. The shares were sold at an average price of $155.82, for a total value of $2,495,924.76. Following the completion of the transaction, the chief executive officer now directly owns 3,144,674 shares in the company, valued at $490,003,102.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Gary Ellmer sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $148.85, for a total transaction of $148,850.00. Following the completion of the transaction, the director now owns 2,120 shares of the company’s stock, valued at $315,562. The disclosure for this sale can be found here. Insiders sold a total of 288,696 shares of company stock worth $47,742,513 in the last ninety days. Corporate insiders own 21.00% of the company’s stock.
Several equities analysts have commented on the stock. Cowen reissued a “market perform” rating and set a $158.00 target price (up previously from $145.00) on shares of Allegiant Travel in a research note on Friday, December 1st. Deutsche Bank raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and raised their target price for the company from $130.00 to $180.00 in a research note on Thursday, December 21st. Stifel Nicolaus reissued a “hold” rating and set a $150.00 target price (up previously from $135.00) on shares of Allegiant Travel in a research note on Wednesday, January 10th. Bank of America raised shares of Allegiant Travel from a “neutral” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Tuesday, January 9th. Finally, Raymond James Financial reissued a “hold” rating on shares of Allegiant Travel in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $157.09.
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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.
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