In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on Allegiant Travel Company (ALGT), with a price target of $150. The company’s shares closed last Monday at $142.65.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 4.6% and a 60.6% success rate. Lalwani covers the Services sector, focusing on stocks such as Southwest Airlines, American Airlines, and Spirit Airlines.
Currently, the analyst consensus on Allegiant Travel Company is a Strong Buy with an average price target of $167.25.
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Allegiant Travel Company’s market cap is currently $2.33B and has a P/E ratio of 12.58. The company has a Price to Book ratio of 2.89.
Based on the recent corporate insider activity of 41 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 January 1997 and is headquartered in Las Vegas, NV.
