Allegiant Travel Company Receives a Rating Update from a Top Analyst


In a report released today, Helane Becker from Cowen & Co. reiterated a Hold rating on Allegiant Travel Company (NASDAQ: ALGT), with a price target of $142. The company’s shares opened today at $131.

According to TipRanks.com, Becker is a top 100 analyst with an average return of 22.3% and a 74.7% success rate. Becker covers the Services sector, focusing on stocks such as Southwest Airlines, United Continental, and Hawaiian Holdings.

Currently, the analyst consensus on Allegiant Travel Company is a Moderate Buy with an average price target of $162.50.

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Allegiant Travel Company’s market cap is currently $2.25B and has a P/E ratio of 10.82. The company has a Price to Book ratio of 3.75.

Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is negative on the stock.

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Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation; air-related travel services and product; third party travel products, and fixed fee contract air transportation. The company was founded in 1997 and is headquartered in Las Vegas, NV.

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