Allegiant Travel Given New $101.00 Price Target at UBS AG (ALGT)
Equities research analysts at UBS AG boosted their price target on shares of Allegiant Travel (NASDAQ: ALGT) from $90.00 to $101.00 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Imperial Capital cut their price target on shares of Allegiant Travel from $101.00 to $92.00 in a research note to investors on Thursday, January 31st. They now have an “outperform” rating on the stock. Analysts at Dahlman Rose upgraded shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 17th. They now have a $60.00 price target on the stock.
Eight equities research analysts have rated the stock with a buy rating, five have assigned a hold rating, and one has given an underweight rating to the company. The stock has an average rating of “overweight” and a consensus price target of $81.92.
Shares of Allegiant Travel traded up 0.96% during mid-day trading on Friday, hitting $85.24. Allegiant Travel has a one year low of $48.59 and a one year high of $85.33. The stock’s 50-day moving average is currently $78.09. The company has a market cap of $1.637 billion and a P/E ratio of 20.79.
Allegiant Travel last posted its quarterly earnings results on Wednesday, January 30th. The company reported $0.76 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.04. The company had revenue of $222.80 million for the quarter, compared to the consensus estimate of $226.09 million. During the same quarter last year, the company posted $0.56 earnings per share. Allegiant Travel’s revenue was up 14.9% compared to the same quarter last year. Analysts expect that Allegiant Travel will post $5.19 EPS for the current fiscal year.
Allegiant Travel Company is a leisure travel company focused on providing travel services to residents of small, underserved cities in the United States.
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