Shares of Allegiant Travel Co. (NASDAQ:ALGT) gapped up before the market opened on Friday . The stock had previously closed at $124.51, but opened at $124.89. Allegiant Travel shares last traded at $129.56, with a volume of 72,687 shares traded.

A number of research firms have recently weighed in on ALGT. Raymond James Financial Inc. raised Allegiant Travel from a “market perform” rating to an “outperform” rating and set a $190.00 price objective on the stock in a research report on Tuesday, June 14th. Zacks Investment Research upgraded shares of Allegiant Travel from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 2nd. Stifel Nicolaus lowered their target price on shares of Allegiant Travel from $200.00 to $155.00 and set a “buy” rating for the company in a research note on Wednesday. Barclays PLC downgraded shares of Allegiant Travel from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $205.00 to $188.00 in a research note on Friday, April 15th. Finally, Credit Suisse Group AG lowered their target price on shares of Allegiant Travel from $180.00 to $169.00 and set a “neutral” rating for the company in a research note on Tuesday, April 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $183.90.

The firm has a market capitalization of $2.12 billion and a price-to-earnings ratio of 9.19. The firm has a 50 day moving average of $141.03 and a 200 day moving average of $155.42.

Allegiant Travel (NASDAQ:ALGT) last posted its earnings results on Friday, July 29th. The company reported $3.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.55 by $0.13. The business had revenue of $344.90 million for the quarter, compared to analyst estimates of $343.11 million. The business’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.18 EPS. Analysts expect that Allegiant Travel Co. will post $13.01 EPS for the current fiscal year.

Several institutional investors have bought and sold shares of the stock. Westfield Capital Management Co. LP raised its position in Allegiant Travel by 75.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 214,861 shares of the company’s stock valued at $36,060,000 after buying an additional 92,167 shares during the last quarter. State of Tennessee Treasury Department acquired a new position in Allegiant Travel during the fourth quarter valued at $1,729,000. Dimensional Fund Advisors LP raised its position in Allegiant Travel by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 360,253 shares of the company’s stock valued at $60,464,000 after buying an additional 16,632 shares during the last quarter. Matarin Capital Management LLC acquired a new position in Allegiant Travel during the fourth quarter valued at $5,864,000. Finally, Advisors Asset Management Inc. increased its stake in Allegiant Travel by 0.4% in the fourth quarter. Advisors Asset Management Inc. now owns 7,212 shares of the company’s stock valued at $1,210,000 after buying an additional 29 shares during the period.

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. Its products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services, fixed fee contract air transportation and other revenue.

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