Allegiant Travel (ALGT) Earns News Impact Rating of 0.20

Press coverage about Allegiant Travel (NASDAQ:ALGT) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, 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 news coverage about the transportation company an impact score of 46.3089606501939 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.

These are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:

A number of brokerages recently weighed in on ALGT. ValuEngine raised shares of Allegiant Travel from a “hold” rating to a “buy” rating in a research report on Thursday, December 21st. Imperial Capital upped their target price on shares of Allegiant Travel from $132.00 to $150.00 and gave the stock an “in-line” rating in a research report on Tuesday, December 19th. Deutsche Bank upgraded shares of Allegiant Travel from a “hold” rating to a “buy” rating and upped their target price for the stock from $130.00 to $180.00 in a research report on Thursday, December 21st. Cowen reissued a “market perform” rating and set a $158.00 target price (up from $145.00) on shares of Allegiant Travel in a research note on Friday, December 1st. Finally, Raymond James Financial reissued a “hold” rating on shares of Allegiant Travel in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $152.55.

Shares of Allegiant Travel (NASDAQ:ALGT) opened at $165.50 on Tuesday. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.05 and a quick ratio of 1.01. The company has a market cap of $2,660.89, a P/E ratio of 17.78 and a beta of 0.16. Allegiant Travel has a 12-month low of $111.54 and a 12-month high of $180.40.

Allegiant Travel (NASDAQ:ALGT) last issued its quarterly 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. Allegiant Travel had a net margin of 10.52% and a return on equity of 32.19%. The business had revenue of $348.80 million during the quarter, compared to the consensus estimate of $349.79 million. During the same quarter in the prior year, the firm earned $2.75 EPS. The firm’s quarterly revenue was up 4.6% on a year-over-year basis. research analysts forecast that Allegiant Travel will post 8.64 earnings per share for the current year.

In other news, CEO Maurice J. Gallagher, Jr. sold 16,018 shares of the stock in a transaction on Friday, December 28th. The shares were sold at an average price of $155.82, for a total transaction of $2,495,924.76. Following the transaction, the chief executive officer now owns 3,144,674 shares in the company, valued at approximately $490,003,102.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Maurice J. Gallagher, Jr. sold 17,818 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $155.74, for a total transaction of $2,774,975.32. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,708 shares of company stock valued at $6,227,913. Insiders own 22.00% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Allegiant Travel (NASDAQ:ALGT)

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