Allegiant Travel (NASDAQ:ALGT - Free Report) - Equities research analysts at Seaport Res Ptn issued their FY2027 earnings per share (EPS) estimates for shares of Allegiant Travel in a report released on Tuesday, November 12th. Seaport Res Ptn analyst D. Mckenzie expects that the transportation company will post earnings of $12.50 per share for the year. The consensus estimate for Allegiant Travel's current full-year earnings is $1.04 per share.
A number of other equities research analysts have also recently commented on the stock. TD Cowen increased their price objective on shares of Allegiant Travel from $42.00 to $50.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Wolfe Research cut shares of Allegiant Travel from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 4th. Barclays upped their target price on Allegiant Travel from $50.00 to $75.00 and gave the company an "equal weight" rating in a research note on Thursday. Susquehanna increased their target price on Allegiant Travel from $55.00 to $60.00 and gave the company a "neutral" rating in a report on Monday, November 4th. Finally, Evercore ISI boosted their price target on Allegiant Travel from $60.00 to $65.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Allegiant Travel currently has a consensus rating of "Hold" and a consensus target price of $68.50.
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Allegiant Travel Price Performance
Shares of ALGT stock traded up $1.54 during mid-day trading on Thursday, reaching $76.08. The stock had a trading volume of 310,019 shares, compared to its average volume of 371,512. The company has a market cap of $1.40 billion, a P/E ratio of -50.08, a price-to-earnings-growth ratio of 5.92 and a beta of 1.61. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36. Allegiant Travel has a 12-month low of $36.08 and a 12-month high of $85.91. The business has a 50-day simple moving average of $56.50 and a 200 day simple moving average of $51.54.
Insider Transactions at Allegiant Travel
In other news, COO Keny Frank Wilper sold 635 shares of the company's stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the completion of the sale, the chief operating officer now directly owns 16,353 shares in the company, valued at $1,025,169.57. This represents a 3.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Gary Ellmer sold 1,000 shares of Allegiant Travel stock in a transaction on Monday, August 26th. The shares were sold at an average price of $45.00, for a total value of $45,000.00. Following the completion of the transaction, the director now owns 7,490 shares in the company, valued at $337,050. The trade was a 11.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,334 shares of company stock worth $117,158 over the last quarter. 15.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Allegiant Travel
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its position in Allegiant Travel by 369.1% during the 1st quarter. BNP Paribas Financial Markets now owns 23,874 shares of the transportation company's stock worth $1,796,000 after purchasing an additional 18,785 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Allegiant Travel by 18.8% during the 1st quarter. Janney Montgomery Scott LLC now owns 7,799 shares of the transportation company's stock valued at $587,000 after acquiring an additional 1,235 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Allegiant Travel during the 1st quarter valued at $141,000. ProShare Advisors LLC increased its holdings in Allegiant Travel by 6.9% in the 1st quarter. ProShare Advisors LLC now owns 3,155 shares of the transportation company's stock valued at $237,000 after purchasing an additional 203 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Allegiant Travel in the first quarter valued at about $308,000. 85.81% of the stock is currently owned by institutional investors and hedge funds.
About Allegiant Travel
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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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