Zacks downgraded shares of Allegiant Travel (NASDAQ:ALGT) from an outperform rating to an underperform rating in a report issued on Wednesday, AnalystRatingsNetwork reports. They currently have $96.30 target price on the stock.
Allegiant Travel (NASDAQ:ALGT) traded down 0.73% on Wednesday, hitting $97.28. Allegiant Travel has a 52-week low of $61.63 and a 52-week high of $109.72. The stock’s 50-day moving average is currently $102.1. The company has a market cap of $1.841 billion and a price-to-earnings ratio of 21.13.
A number of other analysts have also recently weighed in on ALGT. Analysts at Barclays Capital raised their price target on shares of Allegiant Travel from $110.00 to $115.00 in a research note to investors on Friday, July 19th. They now have a hold rating on the stock. Analysts at Raymond James downgraded shares of Allegiant Travel from an outperform rating to a market perform rating in a research note to investors on Tuesday, July 9th. They now have a $110.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $94.79.
Allegiant Travel Company is a leisure travel company focused on providing travel services and products to residents of small, underserved cities in the United States.
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