Imperial Capital Starts Stock Coverage on Allegiant Travel (ALGT)

By admin | 6 years ago

Investment analysts at Imperial Capital assumed coverage on shares of Allegiant Travel (NASDAQ: ALGT) in a note issued to investors on Tuesday. The firm set an “outperform” rating and a $80.00 price target on the stock.

Allegiant Travel opened at 60.03 on Tuesday. Allegiant Travel has a 52-week low of $40.31 and a 52-week high of $63.59. The company has a market cap of $1.139 billion and a price-to-earnings ratio of 21.44.

The company last announced its quarterly results on Wednesday, April 25th. It reported $1.12 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.99 EPS by $0.13. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts expect that Allegiant Travel will post $0.80 EPS next quarter.

Several other analysts have also recently commented on the stock. Analysts at Barclays Capital (NYSE: BCS) raised their price target on shares of Allegiant Travel from $70.00 to $75.00 in a research note to investors on Thursday, April 12nd. They now have an “overweight” rating on the stock. Separately, analysts at Maxim Group raised their price target on shares of Allegiant Travel from $60.00 to $74.00 in a research note to investors on Tuesday, April 10th. They now have a “buy” rating on the stock. Finally, analysts at Raymond James (NYSE: RJF) upgraded shares of Allegiant Travel from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, April 4th.

Allegiant Travel Company is a leisure travel company focused on providing travel services to residents of small, underserved cities in the United States.

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