FY2027 Earnings Estimate for ALGT Issued By Seaport Res Ptn

Allegiant Travel (NASDAQ:ALGT) – Stock analysts at Seaport Res Ptn cut their FY2027 earnings per share (EPS) estimates for Allegiant Travel in a research report issued to clients and investors on Wednesday, December 18th. Seaport Res Ptn analyst D. Mckenzie now expects that the transportation company will post earnings per share of $12.00 for the year, down from their previous forecast of $12.50. The consensus estimate for Allegiant Travel’s current full-year earnings is $1.00 per share.

A number of other research firms have also recently weighed in on ALGT. Barclays upped their price target on Allegiant Travel from $50.00 to $75.00 and gave the stock an “equal weight” rating in a report on Thursday, November 14th. Morgan Stanley upped their target price on Allegiant Travel from $80.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 11th. Evercore ISI lifted their price target on shares of Allegiant Travel from $60.00 to $65.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group restated a “neutral” rating and issued a $83.00 price objective on shares of Allegiant Travel in a report on Friday, November 15th. Finally, StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $68.00.

Allegiant Travel Stock Performance

Shares of NASDAQ ALGT opened at $84.47 on Friday. The company’s fifty day moving average price is $73.84 and its 200 day moving average price is $56.77. The company has a market capitalization of $1.55 billion, a PE ratio of -56.31, a price-to-earnings-growth ratio of 7.17 and a beta of 1.67. Allegiant Travel has a 1 year low of $36.08 and a 1 year high of $94.45. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.72 and a current ratio of 0.75.

Insider Buying and Selling at Allegiant Travel

In related news, COO Keny Frank Wilper sold 635 shares of the stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $62.69, for a total transaction of $39,808.15. Following the transaction, the chief operating officer now owns 16,353 shares of the company’s stock, valued at approximately $1,025,169.57. This represents a 3.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sandra Douglass Morgan sold 350 shares of Allegiant Travel stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $80.77, for a total transaction of $28,269.50. Following the completion of the transaction, the director now owns 11,650 shares of the company’s stock, valued at $940,970.50. This trade represents a 2.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,600 shares of company stock valued at $2,476,465 over the last quarter. 15.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Allegiant Travel

Several large investors have recently bought and sold shares of ALGT. Assenagon Asset Management S.A. purchased a new stake in shares of Allegiant Travel during the second quarter worth approximately $285,000. JB Capital LLC increased its position in shares of Allegiant Travel by 48.0% in the 2nd quarter. JB Capital LLC now owns 6,188 shares of the transportation company’s stock valued at $311,000 after purchasing an additional 2,008 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Allegiant Travel by 7.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 215,533 shares of the transportation company’s stock valued at $10,826,000 after purchasing an additional 15,469 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Allegiant Travel during the 2nd quarter worth $34,000. Finally, Versor Investments LP grew its stake in shares of Allegiant Travel by 34.5% during the second quarter. Versor Investments LP now owns 5,794 shares of the transportation company’s stock worth $291,000 after purchasing an additional 1,486 shares in the last quarter. Hedge funds and other institutional investors own 85.81% of the company’s stock.

Allegiant Travel Company Profile

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.