Allegiant Travel (NASDAQ:ALGT – Get Free Report) has a consensus rating of “Hold” from the seven rating agencies currently covering the stock, MarketBeat Ratings reports. One analyst has given the stock a sell recommendation, five have issued a hold recommendation, and one has issued a buy recommendation to the company. The average 12-month price target among analysts who 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 began coverage on shares of Allegiant Travel in a research note on Wednesday, March 20th. They set a “sell” rating and a $58.00 price target for the company. TD Cowen lowered their price target 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 reduced their price target 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 price target on Allegiant Travel from $76.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th.
Check out our latest report on Allegiant Travel stock
Insider Trading at Allegiant Travel
In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were priced at an average price of $51.00, for a total value of $51,000.00. Following the transaction, the COO now owns 9,422 shares of the company’s stock, valued at $480,522. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. In other Allegiant Travel news, COO Keny Frank Wilper sold 1,000 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were priced at an average price of $51.00, for a total value of $51,000.00. Following the sale, the COO now directly owns 9,422 shares of the company’s stock, valued at $480,522. The sale was disclosed in a filing with the SEC, which is available via this hyperlink. Additionally, 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 sale, the CMO now directly owns 64,812 shares of the company’s stock, valued at $3,479,108.16. The disclosure of this sale can be found here. Over the last three months, insiders have sold 26,037 shares of the company’s stock valued at $1,395,948. Company insiders own 17.50% of the company’s shares.
Institutional entries and exits
Hedge funds have recently added to or reduced their holdings in the company. 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. increased its holdings 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 in the last quarter. Kennedy Capital Management LLC acquired a new position in shares of Allegiant Travel during the 3rd quarter worth $1,177,000. First Eagle Investment Management LLC increased its stake in Allegiant Travel by 94.2% during 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 during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Allegiant Travel during the third quarter worth approximately $1,404,000. Institutional investors and hedge funds own 85.81% of the company’s stock.
Allegiant Travel Value for Money
ALGT opened at $45.31 on Friday. The company has a market cap of $826.00 million, a price-to-earnings 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 released its quarterly results on Tuesday, May 7th. The transportation company reported EPS of $0.57 for the quarter, beating analysts’ consensus estimates of $0.51 by $0.06. Allegiant Travel reported a return on equity of 0.50% and a net margin of 2.26%. The company had revenue of $656.70 million for the quarter, compared to the consensus estimate of $645.23 million. During the same period last year, the company earned $3.04 earnings per share. The company’s revenue for the quarter increased 1.1% compared to the same quarter last year. Stock analysts expect Allegiant Travel to post EPS of 3.62 for the current fiscal year.
Allegiant Travel Announces Dividends
The company also recently announced a quarterly dividend, which was paid on Monday, June 3. Shareholders of record on Wednesday, May 15 received a dividend of $0.60 per share. The ex-dividend date for this dividend was Tuesday, May 14. This represents an annualized dividend of $2.40 and a yield of 5.30%. Allegiant Travel’s payout ratio is 75.95%.
About Allegiant Travel
(Get a free report
Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of underserved cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between underserved cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft.
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