Allegiant Travel (NASDAQ:ALGT) Equal-Weight Rating Reaffirmed Today By Morgan Stanley; The Target Price Given is $156

July 12, 2018 - By Tina Thibodeau

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.

Gemmer Asset Management Ltd Limited Liability Company holds 43 shares or 0% of its portfolio. U S Investors holds 2.59% or 24,437 shares. State Of Alaska Department Of Revenue invested in 4,046 shares or 0.01% of the stock. California State Teachers Retirement System holds 19,288 shares or 0.01% of its portfolio. Parallax Volatility Advisers Ltd Partnership owns 80 shares. California Pub Employees Retirement holds 0.01% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT) for 28,049 shares. Amalgamated National Bank accumulated 0.01% or 1,822 shares. State Of Tennessee Treasury Department invested 0.01% in Allegiant Travel Company (NASDAQ:ALGT). Amundi Pioneer Asset Mngmt Inc invested 0% in Allegiant Travel Company (NASDAQ:ALGT). Moreover, Great West Life Assurance Can has 0.01% invested in Allegiant Travel Company (NASDAQ:ALGT) for 15,592 shares. Franklin Resource invested in 0.06% or 642,972 shares. Livforsakringsbolaget Skandia Omsesidigt owns 7,200 shares or 0.02% of their US portfolio. Metropolitan Life Insurance Com New York invested 0% of its portfolio in Allegiant Travel Company (NASDAQ:ALGT). Naples Glob Advsr Limited Liability holds 0.17% or 3,265 shares in its portfolio. Comerica Bank holds 13,171 shares or 0.01% of its portfolio.

Since March 6, 2018, it had 0 buys, and 4 insider sales for $3.11 million activity. On Tuesday, March 6 the insider GALLAGHER MAURICE J JR sold $2.07M. ELLMER GARY also sold $21,408 worth of Allegiant Travel Company (NASDAQ:ALGT) on Tuesday, March 13. The insider Anderson Gregory Clark sold 1,650 shares worth $294,114.

Allegiant Travel (NASDAQ:ALGT) Rating Reaffirmed

Analysts at Morgan Stanley now has a $156 price target on Allegiant Travel (NASDAQ:ALGT). Morgan Stanley and their recent price target indicates a potential upside of 12.07 % from the company’s previous close. The rating has been disclosed in a research note on Thursday, 12 July.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Coverage

Among 5 analysts covering Allegiant Travel (NASDAQ:ALGT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Allegiant Travel has $210.0 highest and $157 lowest target. $179.25’s average target is 28.77% above currents $139.2 stock price. Allegiant Travel had 10 analyst reports since January 16, 2018 according to SRatingsIntel. The company was upgraded on Tuesday, January 16 by Stifel Nicolaus. As per Tuesday, May 29, the company rating was maintained by Citigroup. Morgan Stanley maintained Allegiant Travel Company (NASDAQ:ALGT) rating on Friday, April 6. Morgan Stanley has “Equal-Weight” rating and $171 target. Stifel Nicolaus maintained the shares of ALGT in report on Thursday, April 26 with “Buy” rating. The stock of Allegiant Travel Company (NASDAQ:ALGT) has “Buy” rating given on Thursday, April 26 by Buckingham Research. On Thursday, April 12 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm earned “Equal-Weight” rating on Friday, February 23 by Morgan Stanley. As per Wednesday, January 31, the company rating was maintained by Stifel Nicolaus. The firm earned “In-Line” rating on Thursday, February 1 by Imperial Capital. Morgan Stanley maintained the shares of ALGT in report on Monday, February 5 with “Equal-Weight” rating.

The stock increased 0.07% or $0.1 during the last trading session, reaching $139.2. About 3,243 shares traded. Allegiant Travel Company (NASDAQ:ALGT) has risen 6.35% since July 12, 2017 and is uptrending. It has underperformed by 6.22% the S&P500.

Analysts await Allegiant Travel Company (NASDAQ:ALGT) to report earnings on July, 25. They expect $2.72 EPS, down 7.48 % or $0.22 from last year’s $2.94 per share. ALGT’s profit will be $43.93 million for 12.79 P/E if the $2.72 EPS becomes a reality. After $3.42 actual EPS reported by Allegiant Travel Company for the previous quarter, Wall Street now forecasts -20.47 % negative EPS growth.

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 $2.25 billion. The firm offers scheduled air transportation on limited frequency nonstop flights between under-served cities and leisure destinations. It has a 10.86 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 notable recent Allegiant Travel Company (NASDAQ:ALGT) news were published by: Globenewswire.com which released: “FINAL DEADLINE NOTICE: Shareholder Class Action Lawsuit Filed Against Allegiant Travel Company – ALGT” on June 20, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: ALGT ESPR FLEX PPG: The Law Offices of Vincent Wong Reminds Investors of Important …” published on June 24, 2018, Globenewswire.com published: “UPCOMING DEADLINES: The Klein Law Firm Notifies Investors of Class Actions on Behalf of Shareholders of EDGE …” on June 20, 2018. More interesting news about Allegiant Travel Company (NASDAQ:ALGT) were released by: Globenewswire.com and their article: “ALGT INVESTOR NOTICE: Rosen Law Firm Announces Filing of First Allegiant Travel Class Action and Important …” published on June 19, 2018 as well as Businesswire.com‘s news article titled: “ALGT JUNE 25 DEADLINE: Rosen Law Firm Reminds Allegiant Travel Company Investors of Important Deadline in …” with publication date: June 23, 2018.

Allegiant Travel Company (NASDAQ:ALGT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.