Allegiant Travel (NASDAQ:ALGT - Get Free Report) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $1.50 for the period, compared to the consensus earnings per share estimate of $1.77.
Allegiant Travel Stock Up 3.6 %
Shares of ALGT stock traded up $1.93 during trading hours on Friday, reaching $54.96. 601,776 shares of the company's stock were exchanged, compared to its average volume of 399,324. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57. The stock has a market cap of $1.01 billion, a PE ratio of -4.11 and a beta of 1.64. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. The stock's fifty day moving average price is $81.94 and its two-hundred day moving average price is $73.80.
Allegiant Travel (NASDAQ:ALGT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The transportation company reported $2.10 earnings per share for the quarter, topping analysts' consensus estimates of $0.48 by $1.62. Allegiant Travel had a positive return on equity of 3.33% and a negative net margin of 9.56%. Research analysts predict that Allegiant Travel will post 7.7 EPS for the current year.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on ALGT shares. The Goldman Sachs Group boosted their price target on Allegiant Travel from $83.00 to $92.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 14th. Bank of America upped their target price on Allegiant Travel from $54.00 to $95.00 and gave the company an "underperform" rating in a research report on Friday, January 17th. Raymond James upped their target price on Allegiant Travel from $75.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, December 30th. Barclays upped their target price on Allegiant Travel from $85.00 to $100.00 and gave the company an "equal weight" rating in a research report on Thursday, January 16th. Finally, Susquehanna upped their target price on Allegiant Travel from $60.00 to $105.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $84.60.
Get Our Latest Analysis on ALGT
Allegiant Travel Company Profile
(
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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.
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