Allegiant Travel (NASDAQ:ALGT) Rating Reaffirmed
In an analyst note sent to clients and investors on 2 December, The Market Perform rating of Allegiant Travel (NASDAQ:ALGT) shares was reconfirmed by Analysts at Cowen, who now has a $195 PT on the stock. Cowen’s PT means a possible upside of 9.45% from the previous stock close of the company.
From a total of 12 analysts covering Allegiant Travel (NASDAQ:ALGT) stock, 5 rate it a ”Buy”, 0 a “Sell”, and 7 a ”Hold”. This means that 42% of the ratings are positive. The highest target price is $262 while the lowest target price is $189. The mean of all analyst targets is $225.58 with a 32.95% above today’s ($178.16) stock price. Allegiant Travel was the topic of 11 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Raymond James downgraded shares on November 30 to “Mkt Perform” rating. Imperial Capital maintained ALGT stock in a recent report from July 31 with “Outperform” rating.
The stock increased 1.73% or $3.03 during the last trading session, striking $178.16. Approximately shares of stock traded hands. Allegiant Travel Company (NASDAQ:ALGT) has risen 11.64% since April 29, 2015 and is uptrending. It has outperformed by 11.84% the S&P500.
Allegiant Travel Company is a leisure travel company. The company has a market cap of $3.28 billion. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It has 17.98 P/E ratio. The Company’s services and products include scheduled service air transportation, air-related ancillary services and products, third-party ancillary services and products, fixed fee contract air transportation and other revenue.
According to Zacks Investment Research, “Las Vegas-based ALLEGIANT TRAVEL COMPANY , is focused on linking travelers in small cities to world-class leisure destinations such as Las Vegas, Nev., Phoenix, Ariz., Fort Lauderdale, Fla., Orlando, Fla. and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, LLC, the Company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel related services.” Get a free copy of the Zacks research report on Allegiant Travel Company (ALGT).