Allegiant Travel Co. (ALGT) Trading Up 2.4%
Allegiant Travel Co. (NASDAQ:ALGT) was up 2.4% during trading on Tuesday . The stock traded as high as $139.56 and last traded at $138.78, with a volume of 70,884 shares changing hands. The stock had previously closed at $135.57.
Several equities research analysts recently commented on ALGT shares. Zacks Investment Research raised Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Allegiant Travel in a research report on Monday, May 16th. Cowen and Company dropped their price objective on Allegiant Travel from $165.00 to $147.00 and set a “market perform” rating on the stock in a research report on Monday, August 1st. Stifel Nicolaus dropped their price objective on Allegiant Travel from $200.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Allegiant Travel currently has a consensus rating of “Hold” and a consensus price target of $183.90.
The company has a market cap of $2.27 billion and a PE ratio of 9.85. The firm’s 50-day moving average price is $134.41 and its 200-day moving average price is $152.12.
Allegiant Travel (NASDAQ:ALGT) last released its quarterly earnings results on Friday, July 29th. The company reported $3.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $3.55 by $0.13. The company earned $344.90 million during the quarter, compared to the consensus estimate of $343.11 million. The company’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.18 earnings per share. Equities analysts predict that Allegiant Travel Co. will post $12.99 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Friday, August 19th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Wednesday, August 17th.
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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