Allegiant Travel (NASDAQ:ALGT) Receives Consensus Recommendation of “Hold” from Analysts

Allegiant Travel (NASDAQ:ALGT – Get Free Report) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $77.57.

ALGT has been the subject of several recent research reports. UBS Group started coverage on shares of Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 target price for the company. TD Cowen lowered their price objective on shares of Allegiant Travel from $65.00 to $60.00 and set a “hold” rating for the company in a research report on Wednesday, May 15th. Barclays cut their target price on shares of Allegiant Travel from $60.00 to $55.00 and set an “equal weight” rating on the stock in a report on Thursday, May 9th. Finally, Susquehanna lowered their target price on Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th.

View Our Latest Stock Report on Allegiant Travel

Insider Transactions at Allegiant Travel

In related news, COO Keny Frank Wilper sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $51.00, for a total transaction of $51,000.00. Following the transaction, the chief operating officer now owns 9,422 shares in the company, valued at $480,522. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the chief operating officer now directly owns 9,422 shares in the company, valued at $480,522. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Scott Wayne Deangelo sold 19,687 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.68, for a total transaction of $1,056,798.16. Following the completion of the sale, the chief marketing officer now directly owns 64,812 shares of the company’s stock, valued at $3,479,108.16. The disclosure for this sale can be found here. In the last three months, insiders sold 26,037 shares of company stock valued at $1,395,948. Company insiders own 17.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Allegiant Travel during the 4th quarter worth $7,187,000. Franklin Resources Inc. lifted its holdings in shares of Allegiant Travel by 15.4% during the fourth quarter. Franklin Resources Inc. now owns 620,180 shares of the transportation company’s stock valued at $51,233,000 after purchasing an additional 82,813 shares during the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Allegiant Travel in the 3rd quarter valued at $1,177,000. First Eagle Investment Management LLC increased its stake in Allegiant Travel by 94.2% in the 4th quarter. First Eagle Investment Management LLC now owns 65,713 shares of the transportation company’s stock worth $5,429,000 after purchasing an additional 31,875 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Allegiant Travel during the 3rd quarter worth about $1,404,000. Institutional investors and hedge funds own 85.81% of the company’s stock.

Allegiant Travel Price Performance

ALGT opened at $45.31 on Friday. The company has a market capitalization of $826.00 million, a P/E ratio of 14.34, a PEG ratio of 1.33 and a beta of 1.66. The company has a 50-day moving average of $52.30 and a 200-day moving average of $66.30. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.74 and a current ratio of 0.76. Allegiant Travel has a 1-year low of $45.25 and a 1-year high of $130.93.

Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings results on Tuesday, May 7th. The transportation company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel had a return on equity of 0.50% and a net margin of 2.26%. The business had revenue of $656.70 million during the quarter, compared to the consensus estimate of $645.23 million. During the same period last year, the firm earned $3.04 earnings per share. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Allegiant Travel will post 3.62 EPS for the current fiscal year.

Allegiant Travel Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Wednesday, May 15th were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, May 14th. This represents a $2.40 annualized dividend and a yield of 5.30%. Allegiant Travel’s payout ratio is 75.95%.

About Allegiant Travel

(Get Free Report

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 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.

Recommended Stories

Receive News & Ratings for Allegiant Travel Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Allegiant Travel and related companies with MarketBeat.com’s FREE daily email newsletter.