November 30, 2016 - By Adrian Mccoy
Research professionals at Cowen have $152 target on Allegiant Travel (NASDAQ:ALGT). Cowen’s target means a potential downside of -8.60% from the company’s previous close. The rating was revealed in a note on Wednesday morning.
Out of 10 analysts covering Allegiant Travel (NASDAQ:ALGT), 5 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 50% are positive. $260 is the highest target while $147 is the lowest. The $199.29 average target is 19.84% above today’s ($166.3) stock price. Allegiant Travel has been the topic of 25 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Outperform” rating by Imperial Capital on Friday, October 28. The company was initiated on Friday, November 18 by Citigroup. As per Friday, April 15, the company rating was downgraded by Barclays Capital. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Market Perform” rating by Cowen & Co on Thursday, April 28. Raymond James downgraded Allegiant Travel Company (NASDAQ:ALGT) on Monday, November 30 to “Mkt Perform” rating. Cowen & Co maintained the shares of ALGT in a report on Thursday, July 30 with “Market Perform” rating. Raymond James downgraded the shares of ALGT in a report on Thursday, October 27 to “Mkt Perform” rating. The rating was maintained by Credit Suisse with “Neutral” on Tuesday, April 12. The stock has “Outperform” rating given by Raymond James on Wednesday, July 22. Cowen & Co maintained the shares of ALGT in a report on Wednesday, December 2 with “Market Perform” rating.
The stock decreased 0.42% or $0.7 during the last trading session, hitting $166.3. Allegiant Travel Company (NASDAQ:ALGT) has declined 1.28% since April 27, 2016 and is downtrending. It has underperformed by 6.51% the S&P500.
Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on January, 25. They expect $2.29 earnings per share, down 32.25% or $1.09 from last year’s $3.38 per share. ALGT’s profit will be $37.46 million for 18.16 P/E if the $2.29 EPS becomes a reality. After $2.75 actual earnings per share reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -16.73% negative EPS growth.
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.40, from 0.88 in 2016Q1. The ratio increased, as 32 funds sold all Allegiant Travel Company shares owned while 65 reduced positions. 23 funds bought stakes while 62 increased positions. They now own 12.88 million shares or 3.16% less from 13.30 million shares in 2016Q1.
Stephens Ar accumulated 5,175 shares or 0.03% of the stock. Pinebridge Invests Ltd Partnership last reported 0.01% of its portfolio in the stock. Bank & Trust Of America Corp De last reported 65,249 shares in the company. Bancorp Of Montreal Can has 0% invested in the company for 994 shares. Guggenheim Capital Limited accumulated 16,171 shares or 0.01% of the stock. Contrarian Mgmt Lc last reported 1.55% of its portfolio in the stock. Thompson Siegel Walmsley holds 0.29% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 123,048 shares. Wesbanco Fincl Bank, a West Virginia-based fund reported 15,000 shares. Moreover, Matarin Management Ltd Company has 0% invested in Allegiant Travel Company (NASDAQ:ALGT) for 40,729 shares. Moreover, Blackrock Institutional Tru Na has 0.01% invested in Allegiant Travel Company (NASDAQ:ALGT) for 311,182 shares. Schroder Investment Mgmt Gp Incorporated owns 199,192 shares or 0.06% of their US portfolio. Bryn Mawr, a Pennsylvania-based fund reported 1,800 shares. Pnc Services Grp, a Pennsylvania-based fund reported 68 shares. Walleye Trading Ltd Liability last reported 0% of its portfolio in the stock. Fmr Ltd Limited Liability Company has 892,605 shares for 0.02% of their US portfolio.
Insider Transactions: Since November 10, 2016, the stock had 0 buys, and 2 sales for $1.10 million net activity. Sheldon Scott also sold $399,003 worth of Allegiant Travel Company (NASDAQ:ALGT) on Thursday, November 10. Bricker Jude sold $702,174 worth of stock or 4,631 shares.
Allegiant Travel Company is a leisure travel company. The company has a market cap of $2.72 billion. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It has a 11.74 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.”
Allegiant Travel Company, incorporated on April 4, 2006, is a leisure travel company. The Firm is focused on providing travel services and products to residents of under-served cities in the United States. It also provides air transportation under fixed fee flying arrangements. 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. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company’s operating fleet consists of approximately 50 MD-80 aircraft, over 30 A320 series aircraft, and approximately five Boeing 757-200 aircraft providing service on over 290 routes to approximately 100 cities.
More notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Nasdaq.com which released: “Allegiant Travel Company (ALGT) Ex-Dividend Date Scheduled for November 21, 2016” on November 18, 2016, also Nasdaq.com with their article: “Ex-Dividend Reminder: DST Systems, Dun & Bradstreet and Allegiant Travel” published on November 17, 2016, Reviewjournal.com published: “Allegiant Air’s co-branded credit card deemed a success” on November 30, 2016. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Equitiesfocus.com and their article: “Allegiant Travel Company (NASDAQ:ALGT) Posted Basic Consolidated EPS Of $13.0196” published on November 29, 2016 as well as Nasdaq.com‘s news article titled: “Allegiant Travel Reaches Analyst Target Price” with publication date: November 23, 2016.
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By Adrian Mccoy