Morgan Stanley analyst Rajeev Lalwani maintained a Hold rating on Allegiant Travel Company (ALGT) today and set a price target of $164.00. The company’s shares closed last Monday at $148.58, close to its 52-week high of $157.50.
According to TipRanks.com, Lalwani is a 4-star analyst with an average return of 5.4% and a 65.5% success rate. Lalwani covers the Services sector, focusing on stocks such as Southwest Airlines, American Airlines, and JetBlue Airways.
Currently, the analyst consensus on Allegiant Travel Company is a Moderate Buy with an average price target of $167.00.
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Based on Allegiant Travel Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $69.55 million. In comparison, last year the company had a net profit of $14.95 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ALGT in relation to earlier this year.
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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.
