News stories about Allegiant Travel (NASDAQ:ALGT) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Allegiant Travel earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned press coverage about the transportation company an impact score of 46.776539129348 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Allegiant Travel (NASDAQ:ALGT) traded down $0.75 during trading hours on Friday, reaching $154.75. 91,243 shares of the company traded hands, compared to its average volume of 131,226. The firm has a market cap of $2,500.11, a PE ratio of 16.62 and a beta of 0.16. Allegiant Travel has a 1 year low of $111.54 and a 1 year high of $182.25. The company has a current ratio of 1.05, a quick ratio of 1.01 and a debt-to-equity ratio of 1.78.
Allegiant Travel (NASDAQ:ALGT) last released its earnings results on Wednesday, October 25th. The transportation company reported $1.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.08. The firm had revenue of $348.80 million during the quarter, compared to analysts’ expectations of $349.79 million. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the prior year, the company earned $2.75 EPS. research analysts forecast that Allegiant Travel will post 8.59 EPS for the current fiscal year.
Several analysts recently issued reports on ALGT shares. Citigroup decreased their price objective on shares of Allegiant Travel from $175.00 to $168.00 and set a “buy” rating for the company in a report on Tuesday, September 26th. Deutsche Bank raised shares of Allegiant Travel from a “hold” rating to a “buy” rating and upped their price objective for the stock from $130.00 to $180.00 in a report on Thursday, December 21st. ValuEngine raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. Stifel Nicolaus reaffirmed a “hold” rating and set a $135.00 price objective on shares of Allegiant Travel in a report on Thursday, October 26th. Finally, Cowen reaffirmed a “hold” rating and set a $145.00 price objective on shares of Allegiant Travel in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $151.18.
In related news, CFO Scott Sheldon sold 5,872 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $137.63, for a total transaction of $808,163.36. Following the completion of the transaction, the chief financial officer now directly owns 21,202 shares in the company, valued at approximately $2,918,031.26. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gary Ellmer sold 1,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $148.85, for a total transaction of $148,850.00. Following the transaction, the director now owns 2,120 shares of the company’s stock, valued at $315,562. The disclosure for this sale can be found here. 21.00% of the stock is owned by corporate insiders.
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Allegiant Travel Company Profile
Allegiant Travel Company is a leisure travel company. The Company 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 products and services include scheduled service air transportation, air-related ancillary products and services, third-party ancillary products and services and fixed fee contract air transportation.
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