Allegiant Travel (NASDAQ:ALGT – Get Free Report) was the recipient of a significant growth in short interest in February. As of February 28th, there was short interest totalling 1,350,000 shares, a growth of 29.8% from the February 13th total of 1,040,000 shares. Approximately 9.6% of the company’s stock are sold short. Based on an average daily volume of 371,500 shares, the short-interest ratio is currently 3.6 days.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Allegiant Travel from $83.00 to $92.00 and gave the company a “neutral” rating in a report on Tuesday, January 14th. UBS Group started coverage on Allegiant Travel in a research note on Tuesday, November 26th. They issued a “neutral” rating and a $16.00 price objective on the stock. Barclays upped their target price on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 16th. StockNews.com raised shares of Allegiant Travel from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Finally, Raymond James upped their price objective on shares of Allegiant Travel from $75.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $80.10.
Check Out Our Latest Report on Allegiant Travel
Hedge Funds Weigh In On Allegiant Travel
Allegiant Travel Trading Up 1.4 %
Shares of ALGT stock opened at $54.23 on Monday. The firm has a market capitalization of $994.47 million, a P/E ratio of -4.06 and a beta of 1.64. Allegiant Travel has a 1 year low of $36.09 and a 1 year high of $107.57. The firm’s fifty day simple moving average is $86.46 and its 200 day simple moving average is $73.60. The company has a current ratio of 0.75, a quick ratio of 0.72 and a debt-to-equity ratio of 1.36.
Allegiant Travel (NASDAQ:ALGT – Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The transportation company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $1.62. Allegiant Travel had a negative net margin of 9.56% and a positive return on equity of 3.33%. As a group, sell-side analysts predict that Allegiant Travel will post 7.7 EPS for the current year.
About Allegiant Travel
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.
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