Allegiant Travel (NASDAQ:ALGT)‘s stock had its “in-line” rating reissued by investment analysts at Imperial Capital in a note issued to investors on Tuesday, MarketBeat.com reports. They presently have a $152.00 price target on the transportation company’s stock, up from their previous price target of $124.00. Imperial Capital’s target price would suggest a potential upside of 20.15% from the company’s current price. Imperial Capital also issued estimates for Allegiant Travel’s Q4 2018 earnings at $2.40 EPS, FY2018 earnings at $9.86 EPS, Q1 2019 earnings at $3.78 EPS, Q2 2019 earnings at $3.98 EPS, Q3 2019 earnings at $1.39 EPS, Q4 2019 earnings at $2.80 EPS, FY2019 earnings at $11.95 EPS and FY2020 earnings at $13.85 EPS.
Several other brokerages have also recently issued reports on ALGT. BidaskClub cut shares of Allegiant Travel from a “hold” rating to a “sell” rating in a research report on Saturday, September 8th. ValuEngine raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Monday, August 13th. Zacks Investment Research raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. Citigroup increased their price target on shares of Allegiant Travel from $165.00 to $167.00 and gave the stock a “buy” rating in a research report on Thursday, November 29th. Finally, Goldman Sachs Group assumed coverage on shares of Allegiant Travel in a research report on Monday, November 12th. They set a “buy” rating and a $167.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. Allegiant Travel currently has an average rating of “Hold” and an average price target of $153.27.
Shares of ALGT opened at $126.51 on Tuesday. The stock has a market cap of $2.04 billion, a PE ratio of 13.25, a price-to-earnings-growth ratio of 0.59 and a beta of 0.32. Allegiant Travel has a 1 year low of $105.21 and a 1 year high of $181.45. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.50 and a current ratio of 0.53.
Allegiant Travel (NASDAQ:ALGT) last issued its quarterly earnings results on Wednesday, October 24th. The transportation company reported $0.94 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.02). The business had revenue of $393.11 million for the quarter, compared to analyst estimates of $390.30 million. Allegiant Travel had a return on equity of 26.83% and a net margin of 12.42%. The firm’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.39 EPS. As a group, analysts predict that Allegiant Travel will post 9.47 EPS for the current year.
In other Allegiant Travel news, President John Redmond bought 12,000 shares of the stock in a transaction dated Wednesday, October 31st. The shares were acquired at an average cost of $115.42 per share, for a total transaction of $1,385,040.00. Following the completion of the transaction, the president now owns 102,125 shares in the company, valued at approximately $11,787,267.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 20.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its holdings in Allegiant Travel by 2.4% in the second quarter. Rhumbline Advisers now owns 32,204 shares of the transportation company’s stock valued at $4,475,000 after acquiring an additional 745 shares during the period. Bank of New York Mellon Corp lifted its holdings in Allegiant Travel by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 217,109 shares of the transportation company’s stock valued at $30,167,000 after acquiring an additional 1,016 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Allegiant Travel by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 26,905 shares of the transportation company’s stock valued at $3,738,000 after acquiring an additional 1,361 shares during the period. Janus Henderson Group PLC lifted its holdings in Allegiant Travel by 5.1% in the second quarter. Janus Henderson Group PLC now owns 288,054 shares of the transportation company’s stock valued at $40,025,000 after acquiring an additional 14,023 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Allegiant Travel by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 430,716 shares of the transportation company’s stock valued at $59,848,000 after acquiring an additional 5,280 shares during the period. 86.08% of the stock is owned by hedge funds and other institutional investors.
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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