Equities researchers at Barclays Capital lifted their price objective on shares of Allegiant Travel (NASDAQ:ALGT) from $110.00 to $115.00 in a research report issued on Friday, Stock Ratings Network reports. Barclays Capital’s price objective suggests a potential upside of 8.46% from the company’s current price.
A number of other analysts have also recently weighed in on ALGT. 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. Separately, analysts at Zacks upgraded shares of Allegiant Travel from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $109.60 price target on the stock.
Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $96.45.
Allegiant Travel (NASDAQ: ALGT) traded down 1.12% on Friday, hitting $104.84. Allegiant Travel has a 1-year low of $61.63 and a 1-year high of $109.72. The stock’s 50-day moving average is currently $101.9. The company has a market cap of $2.000 billion and a price-to-earnings ratio of 23.10.
Allegiant Travel (NASDAQ:ALGT) last announced its earnings results on Wednesday, April 24th. The company reported $1.65 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.45 by $0.20. The company had revenue of $273.00 million for the quarter, compared to the consensus estimate of $265.92 million. During the same quarter in the prior year, the company posted $1.12 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Allegiant Travel will post $5.25 EPS for the current fiscal year.
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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