In a report released today, Rajeev Lalwani from Morgan Stanley maintained a Hold rating on Allegiant Travel Company (ALGT – Research Report), 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.
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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.