Analysts Offer Insights on Services Companies: Allegiant Travel Company (ALGT) and Fastenal Company (FAST)
Analysts fell to the sidelines weighing in on Allegiant Travel Company (NASDAQ:ALGT) and Fastenal Company (NASDAQ:FAST) with neutral ratings,indicating that the experts are neither bullish nor bearish on the stocks.
Allegiant Travel Company (ALGT)
Morgan Stanley analyst Rajeev Lalwani maintained a Hold rating on Allegiant Travel Company today and set a price target of $130. The company’s shares opened today at $117.84, close to its 52-week low of $112.48.
According to TipRanks.com, Lalwani is a 3-star analyst with an average return of 5.4% and a 59.4% success rate. Lalwani covers the Services sector, focusing on stocks such as Southwest Airlines, United Continental, and Hawaiian Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegiant Travel Company with a $145.40 average price target, implying a 23.4% upside from current levels. In a report issued on September 27, Imperial Capital also maintained a Hold rating on the stock with a $140 price target.
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Fastenal Company (FAST)
In a report released today, Allison Poliniak from Wells Fargo maintained a Hold rating on Fastenal Company, with a price target of $50. The company’s shares opened today at $51.25.
According to TipRanks.com, Poliniak is ranked #1617 out of 4897 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Fastenal Company with a $57.20 average price target.
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