Allegiant Travel (NASDAQ: ALGT) had its target price boosted by UBS AG from $90.00 to $101.00 in a report released on Friday. UBS AG currently has a buy rating on the stock.
UBS AG has also taken action a number of other services stocks recently. The firm raised its price target on shares of Southwest Airlines Co. from $12.00 to $16.00. Also, UBS AG raised its price target on shares of Hawaiian Holdings from $10.00 to $11.00. They have a buy rating on that stock. Finally, UBS AG raised its price target on shares of Alaska Air from $60.00 to $70.00. They have a buy rating on that stock.
Shares of Allegiant Travel traded down 0.56% during mid-day trading on Friday, hitting $84.85. Allegiant Travel has a one year low of $49.75 and a one year high of $85.73. The stock’s 50-day moving average is currently $78.75. The company has a market cap of $1.630 billion and a P/E ratio of 21.01.
A number of other analysts have also recently weighed in on ALGT. Analysts at Imperial Capital cut their price target on shares of Allegiant Travel from $101.00 to $92.00 in a research note to investors on Thursday, January 31st. They now have an outperform rating on the stock. Analysts at Dahlman Rose upgraded shares of Allegiant Travel from a sell rating to a hold rating in a research note to investors on Monday, December 17th. They now have a $60.00 price target on the stock.
Eight investment analysts have rated the stock with a buy rating, five have given a hold rating, and one has given an underweight rating to the company’s stock. The company presently has a consensus rating of overweight and an average target price of $81.92.
Allegiant Travel Company is a leisure travel company focused on providing travel services to residents of small, underserved cities in the United States.
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