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NASDAQ:ALGT

Allegiant Travel (ALGT) Stock Price, News & Analysis

$61.77
+0.51 (+0.83%)
(As of 04:00 PM ET)
Today's Range
$61.70
$63.40
50-Day Range
$60.52
$82.16
52-Week Range
$54.87
$130.93
Volume
234,445 shs
Average Volume
257,221 shs
Market Capitalization
$1.13 billion
P/E Ratio
9.77
Dividend Yield
3.89%
Price Target
$89.75

Allegiant Travel MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
45.3% Upside
$89.75 Price Target
Short Interest
Healthy
4.94% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-6.11
Upright™ Environmental Score
News Sentiment
0.36mentions of Allegiant Travel in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$158,200 Sold Last Quarter
Proj. Earnings Growth
79.92%
From $4.83 to $8.69 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.99 out of 5 stars

Transportation Sector

1st out of 107 stocks

Air Transportation, Scheduled Industry

1st out of 17 stocks

ALGT stock logo

About Allegiant Travel Stock (NASDAQ:ALGT)

Allegiant Travel Company, a leisure travel company, provides travel services and products to residents of under-served cities in the United States. The company offers scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure destinations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 series aircraft. The company also provides air-related services and products in conjunction with air transportation, including baggage fees, advance seat assignments, travel protection products, priority boarding, a customer convenience fee, food and beverage purchases on board, and other air-related services, as well as use of its call center for purchases. In addition, it offers third party travel products, such as hotel rooms and ground transportation, such as rental cars and hotel shuttle products; and air transportation services through fixed fee agreements and charter service on a year-round and ad-hoc basis. Further, the company operates a golf course. Allegiant Travel Company was founded in 1997 and is based in Las Vegas, Nevada.

ALGT Stock Price History

ALGT Stock News Headlines

Allegiant Flight Attendants Approve New Five-year Labor Contract
The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
The Next Nvidia?
The Next Nvidia? Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet… but in the next 6 months that’s all they’ll talk about.
ALLEGIANT REPORTS FEBRUARY 2024 TRAFFIC
Allegiant Travel
ALGT Apr 2024 30.000 put
ALGT Oct 2024 130.000 call
ALGT Oct 2024 115.000 put
LUV Mar 2024 34.500 put
See More Headlines
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Company Calendar

Last Earnings
2/05/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Today
4/18/2024
Next Earnings (Estimated)
5/01/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Air transportation, scheduled
Sub-Industry
Airlines
Current Symbol
NASDAQ:ALGT
CUSIP
01748X10
Employees
5,643
Year Founded
1997

Price Target and Rating

Average Stock Price Target
$89.75
High Stock Price Target
$145.00
Low Stock Price Target
$58.00
Potential Upside/Downside
+46.5%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
9 Analysts

Profitability

Net Income
$117.60 million
Pretax Margin
6.34%

Debt

Sales & Book Value

Annual Sales
$2.51 billion
Cash Flow
$19.76 per share
Book Value
$72.20 per share

Miscellaneous

Free Float
15,086,000
Market Cap
$1.12 billion
Optionable
Optionable
Beta
1.58

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ALGT Stock Analysis - Frequently Asked Questions

Should I buy or sell Allegiant Travel stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Allegiant Travel in the last year. There are currently 2 sell ratings, 5 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" ALGT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALGT, but not buy additional shares or sell existing shares.
View ALGT analyst ratings
or view top-rated stocks.

What is Allegiant Travel's stock price target for 2024?

9 brokerages have issued 12 month price objectives for Allegiant Travel's stock. Their ALGT share price targets range from $58.00 to $145.00. On average, they anticipate the company's share price to reach $89.75 in the next year. This suggests a possible upside of 45.3% from the stock's current price.
View analysts price targets for ALGT
or view top-rated stocks among Wall Street analysts.

How have ALGT shares performed in 2024?

Allegiant Travel's stock was trading at $82.61 at the beginning of the year. Since then, ALGT shares have decreased by 25.2% and is now trading at $61.77.
View the best growth stocks for 2024 here
.

When is Allegiant Travel's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our ALGT earnings forecast
.

How were Allegiant Travel's earnings last quarter?

Allegiant Travel (NASDAQ:ALGT) announced its quarterly earnings data on Monday, February, 5th. The transportation company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.52. The transportation company earned $611 million during the quarter, compared to analysts' expectations of $596.42 million. Allegiant Travel had a trailing twelve-month return on equity of 3.80% and a net margin of 4.54%. The company's revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.17 EPS.

How often does Allegiant Travel pay dividends? What is the dividend yield for Allegiant Travel?

Allegiant Travel announced a quarterly dividend on Monday, February 5th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.60 per share on Friday, March 1st. This represents a $2.40 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, February 14th.
Read our dividend analysis for ALGT
.

Is Allegiant Travel a good dividend stock?

Allegiant Travel (NASDAQ:ALGT) pays an annual dividend of $2.40 per share and currently has a dividend yield of 3.97%. ALGT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ALGT will have a dividend payout ratio of 27.62% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ALGT.

What ETFs hold Allegiant Travel's stock?

ETFs with the largest weight of Allegiant Travel (NASDAQ:ALGT) stock in their portfolio include U.S. Global Jets ETF (JETS), SPDR S&P Transportation ETF (XTN) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

What guidance has Allegiant Travel issued on next quarter's earnings?

Allegiant Travel updated its first quarter 2024 earnings guidance on Monday, February, 5th. The company provided earnings per share guidance of 0.500-1.500 for the period, compared to the consensus earnings per share estimate of 1.980. The company issued revenue guidance of -.

What is Maury Gallagher Jr.'s approval rating as Allegiant Travel's CEO?

422 employees have rated Allegiant Travel Chief Executive Officer Maury Gallagher Jr. on Glassdoor.com. Maury Gallagher Jr. has an approval rating of 94% among the company's employees. This puts Maury Gallagher Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Allegiant Travel own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Allegiant Travel investors own include Boeing (BA), JPMorgan Chase & Co. (JPM), NVIDIA (NVDA), Delta Air Lines (DAL), QUALCOMM (QCOM), Visa (V), Exxon Mobil (XOM), AT&T (T), Verizon Communications (VZ) and Target (TGT).

Who are Allegiant Travel's major shareholders?

Allegiant Travel's stock is owned by a variety of institutional and retail investors. Top institutional investors include 180 Wealth Advisors LLC (0.04%). Insiders that own company stock include Gary Ellmer, Gregory Clark Anderson, Keny Frank Wilper, Maurice J Gallagher Jr, Rebecca Aretos, Robert Paul Wilson III, Scott Sheldon and Scott Wayne Deangelo.
View institutional ownership trends
.

How do I buy shares of Allegiant Travel?

Shares of ALGT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Allegiant Travel have any subsidiaries?
The following companies are subsidiares of Allegiant Travel: AFH Inc., Allegiant Air LLC, Allegiant Commercial Properties Inc., Allegiant Commercial Properties Missouri LLC, Allegiant Vacations LLC, Dustland LLC, G4 Properties LLC, G4 Works LLC, Point Charlotte Development LLC, Point Charlotte LLC, SFB Fueling LLC, Sunrise Asset Management LLC, Sunseeker Florida Inc., Sunseeker Resorts Inc., and Teesnap LLC.
Read More
This page (NASDAQ:ALGT) was last updated on 4/18/2024 by MarketBeat.com Staff

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