Reaffirmed: Allegiant Travel (NASDAQ:ALGT) “In-line” Rating Maintained by Imperial Capital; $121 Target in Place

July 27, 2018 - By Margaret Guttierez

Allegiant Travel Company (NASDAQ:ALGT) Logo

Investors sentiment increased to 1.03 in Q1 2018. Its up 0.14, from 0.89 in 2017Q4. It increased, as 16 investors sold Allegiant Travel Company shares while 57 reduced holdings. 27 funds opened positions while 48 raised stakes. 14.36 million shares or 0.48% less from 14.43 million shares in 2017Q4 were reported.

The Utah-based Wasatch Advsrs has invested 1.69% in Allegiant Travel Company (NASDAQ:ALGT). New York State Teachers Retirement Systems holds 0.01% or 14,181 shares in its portfolio. Proshare Advsr Limited Co reported 0% in Allegiant Travel Company (NASDAQ:ALGT). Rk Asset Management Limited Liability Corporation reported 6.64% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Teachers Retirement System Of The State Of Kentucky, a Kentucky-based fund reported 4,626 shares. Metropolitan Life Ins New York holds 0% or 4,023 shares. Arizona State Retirement invested 0.03% in Allegiant Travel Company (NASDAQ:ALGT). Goldman Sachs Gru holds 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 72,049 shares. Invesco accumulated 52,645 shares or 0% of the stock. Inv Counselors Of Maryland Lc has 0.77% invested in Allegiant Travel Company (NASDAQ:ALGT). 321 were accumulated by Citigroup. Bank Of America Corp De stated it has 73,152 shares or 0% of all its holdings. Gemmer Asset Ltd Liability Corporation reported 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Pnc holds 0% or 346 shares in its portfolio. Timessquare Ltd Co reported 0.62% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT).

Since March 6, 2018, it had 0 insider purchases, and 4 insider sales for $3.11 million activity. Shares for $2.07 million were sold by GALLAGHER MAURICE J JR. Anderson Gregory Clark also sold $294,114 worth of Allegiant Travel Company (NASDAQ:ALGT) on Tuesday, March 13. On Tuesday, March 13 ELLMER GARY sold $21,408 worth of Allegiant Travel Company (NASDAQ:ALGT) or 120 shares.

Allegiant Travel (NASDAQ:ALGT) Rating Reaffirmed

Recently, In an analyst report released on 27 July, Allegiant Travel (NASDAQ:ALGT) shares have had their “In-line” Rating maintained by professional analysts at Imperial Capital, who currently has a $121 target price per share on company. This target by Imperial Capital gives the possibile upside of 2.50 % from the last stock close.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Among 6 analysts covering Allegiant Travel Company (NASDAQ:ALGT), 3 have Buy rating, 1 Sell and 2 Hold. Therefore 50% are positive. Allegiant Travel Company has $210.0 highest and $117 lowest target. $159.33’s average target is 34.97% above currents $118.05 stock price. Allegiant Travel Company had 13 analyst reports since January 31, 2018 according to SRatingsIntel. The company was maintained on Thursday, April 12 by Morgan Stanley. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Buy” rating by Buckingham Research on Thursday, July 26. The stock has “Buy” rating by Stifel Nicolaus on Thursday, April 26. Citigroup maintained the stock with “Buy” rating in Tuesday, May 29 report. The stock of Allegiant Travel Company (NASDAQ:ALGT) earned “Buy” rating by Buckingham Research on Thursday, April 26. Morgan Stanley maintained it with “Equal-Weight” rating and $157 target in Monday, February 5 report. The firm has “Equal-Weight” rating given on Friday, April 6 by Morgan Stanley. The rating was maintained by Stifel Nicolaus on Thursday, July 26 with “Buy”. The firm has “Buy” rating given on Wednesday, January 31 by Stifel Nicolaus. The firm earned “In-Line” rating on Thursday, February 1 by Imperial Capital.

The stock decreased 15.25% or $21.25 during the last trading session, reaching $118.05. About 738,078 shares traded or 341.19% up from the average. Allegiant Travel Company (NASDAQ:ALGT) has risen 6.35% since July 27, 2017 and is uptrending. It has underperformed by 6.22% the S&P500.

Allegiant Travel Company, a leisure travel company, focuses on the provision of travel services and products to residents of under-served cities in the United States. The company has market cap of $1.91 billion. The firm offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations. It has a 9.21 P/E ratio. As of February 1, 2017, it operated a fleet of 47 MD-80 aircraft, 34 Airbus A320 series aircraft, and 4 Boeing 757-200 aircraft provided services on 377 routes to 119 cities.

More important recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Benzinga.com which released: “Earnings Scheduled For July 25, 2018” on July 25, 2018, also Seekingalpha.com published article titled: “Allegiant and Minor League Baseball announce multiyear national partnership”, Prnewswire.com published: “Allegiant Seeks Federal Court Order To Quash Teamsters’ Unlawful Pilot Strike Threat” on July 24, 2018. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) was released by: Seekingalpha.com and their article: “JetBlue earnings rattle airline sector” with publication date: July 24, 2018.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

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