Allegiant Travel (ALGT) Stock Price, News & Analysis

Company Overview

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. The company also provides air-related services and products in conjunction with air transportation, including baggage fees, advance seat assignments, travel protection products, priority boarding, a customer convenience fee, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company operates a golf course. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada.

Key Stats

• Today's Range: $69.71 to $72.97
• 50-Day Range: $41.07 to $77.69
• 52-Week Range: $36.08 to $85.91
• Volume: 346,631 shs
• Average Volume: 372,385 shs
• Market Capitalization: $1.33 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $70.11
• Consensus Rating: Hold

Allegiant Travel Stock Analysis - MarketRank™

Allegiant Travel scored higher than 75% of companies evaluated by MarketBeat, and ranked 36th out of 127 stocks in the transportation sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.0 / 5
• Analyst Rating: Hold

Consensus Rating

Allegiant Travel has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 1 buy rating, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Allegiant Travel has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 466.00%

Earnings Growth

Earnings for Allegiant Travel are expected to grow by 466.00% in the coming year, from $1.00 to $5.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Allegiant Travel is -48.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Allegiant Travel is -48.47, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Allegiant Travel has a PEG Ratio of 6.42. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Allegiant Travel has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

9.99% of the float of Allegiant Travel has been sold short.

Short Interest Ratio / Days to Cover

Allegiant Travel has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegiant Travel has recently decreased by 17.30%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Allegiant Travel does not currently pay a dividend.

Dividend Growth

Allegiant Travel does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Allegiant Travel will have a dividend payout ratio of 42.40% next year. This indicates that Allegiant Travel will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.5 / 5
• Environmental Score: -6.11

Percentage of Shares Shorted

9.99% of the float of Allegiant Travel has been sold short.

Short Interest Ratio / Days to Cover

Allegiant Travel has a short interest ratio ("days to cover") of 3.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Allegiant Travel has recently decreased by 17.30%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.21

News Sentiment

Allegiant Travel has a news sentiment score of 0.21. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Transportation companies.

News Coverage This Week

MarketBeat has tracked 36 news articles for Allegiant Travel this week, compared to 7 articles on an average week.

Search Interest

Only 3 people have searched for ALGT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Allegiant Travel to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Allegiant Travel insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $101,372.00 in company stock.

Percentage Held by Insiders

15.80% of the stock of Allegiant Travel is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

85.81% of the stock of Allegiant Travel is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ALGT Stock Analysis - Frequently Asked Questions

How have ALGT shares performed this year?

Allegiant Travel's stock was trading at $82.61 at the beginning of 2024. Since then, ALGT stock has decreased by 12.0% and is now trading at $72.70.
View the best growth stocks for 2024 here.

How were Allegiant Travel's earnings last quarter?

Allegiant Travel (NASDAQ:ALGT) issued its earnings results on Wednesday, July, 31st. The transportation company reported $1.77 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.93. The business's revenue for the quarter was down 2.6% compared to the same quarter last year.

Does Allegiant Travel have any subsidiaries?

Allegiant Travel subsidiaries include AFH Inc., Allegiant Air LLC, Allegiant Commercial Properties Inc., Allegiant Commercial Properties Missouri LLC, Allegiant Vacations LLC, Dustland LLC, G4 Properties LLC, and more.

Who are Allegiant Travel's major shareholders?

Top institutional investors of Allegiant Travel include Donald Smith & CO. Inc. (5.45%), U S Global Investors Inc. (4.07%), Diamond Hill Capital Management Inc. (3.89%) and State Street Corp (3.32%). Insiders that own company stock include Robert Paul Wilson III, Scott Wayne Deangelo, Gregory Clark Anderson, Scott Sheldon, Keny Frank Wilper, Gary Ellmer, Maurice J Gallagher Jr and Rebecca Aretos.
View institutional ownership trends.

How do I buy shares of Allegiant Travel?

Shares of ALGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Allegiant Travel own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Allegiant Travel investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and AUO (AUOTY).

Company Calendar

• Last Earnings: 7/31/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Transportation
• Industry: Air transportation, scheduled
• Sub-Industry: Airlines
• Current Symbol: NASDAQ:ALGT
• CUSIP: 01748X10
• CIK: 1362468
• Web: www.allegiantair.com
• Phone: (702) 851-7300
• Fax: 702-589-7213
• Employees: 5,643
• Year Founded: 1997

Price Target and Rating

• Average Stock Price Target: $70.11
• High Stock Price Target: $100.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: -3.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.50)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 72.50
• P/E Growth: 6.42
• Net Income: $117.60 million
• Net Margins: -1.04%
• Pretax Margin: -1.14%
• Return on Equity: 0.63%
• Return on Assets: 0.17%

Debt

• Debt-to-Equity Ratio: 1.36
• Current Ratio: 0.75
• Quick Ratio: 0.72

Sales & Book Value

• Annual Sales: $2.50 billion
• Price / Sales: 0.53
• Cash Flow: $18.22 per share
• Price / Cash Flow: 3.98
• Book Value: $72.20 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 18,344,000
• Free Float: 15,446,000
• Market Cap: $1.33 billion
• Optionable: Optionable
• Beta: 1.61