Allegiant Journey (NASDAQ:ALGT – Free Report) had its goal value hoisted by TD Cowen from $33.00 to $42.00 in a report launched on Thursday morning, MarketBeat.com experiences. The brokerage at the moment has a maintain score on the transportation firm’s inventory.
A number of different brokerages additionally just lately commented on ALGT. Susquehanna dropped their value goal on Allegiant Journey from $55.00 to $40.00 and set a impartial score on the inventory in a analysis word on Friday, August sixteenth. Barclays dropped their value goal on Allegiant Journey from $55.00 to $45.00 and set an equal weight score on the inventory in a analysis word on Wednesday, July tenth. Evercore ISI dropped their value goal on Allegiant Journey from $85.00 to $60.00 and set an in-line score on the inventory in a analysis word on Monday, July fifteenth. Morgan Stanley dropped their value goal on Allegiant Journey from $95.00 to $87.00 and set an equal weight score on the inventory in a analysis word on Monday, July eighth. Lastly, Deutsche Financial institution Aktiengesellschaft downgraded Allegiant Journey from a purchase score to a maintain score and dropped their value goal for the inventory from $75.00 to $53.00 in a analysis word on Monday, July eighth. Two analysis analysts have rated the inventory with a promote score, six have given a maintain score and one has issued a purchase score to the inventory. In accordance with information from MarketBeat, Allegiant Journey has a consensus score of Maintain and a consensus value goal of $61.25.
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Allegiant Journey Inventory Down 0.1 %
NASDAQ:ALGT opened at $55.00 on Thursday. The inventory’s fifty day transferring common value is $44.19 and its two-hundred day transferring common value is $52.02. Allegiant Journey has a 52-week low of $36.08 and a 52-week excessive of $85.91. The corporate has a debt-to-equity ratio of 1.30, a fast ratio of 0.71 and a present ratio of 0.74. The corporate has a market cap of $1.00 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 6.10 and a beta of 1.65.
Allegiant Journey (NASDAQ:ALGT – Get Free Report) final posted its quarterly earnings outcomes on Wednesday, July thirty first. The transportation firm reported $1.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.93. The corporate had income of $666.28 million for the quarter, in comparison with the consensus estimate of $657.74 million. Allegiant Journey had a constructive return on fairness of three.48% and a unfavourable internet margin of 0.57%. The agency’s quarterly income was down 2.6% on a year-over-year foundation. Throughout the identical quarter within the prior 12 months, the enterprise posted $4.35 EPS. On common, analysts anticipate that Allegiant Journey will put up 0.97 EPS for the present 12 months.
Insider Exercise at Allegiant Journey
In different Allegiant Journey information, Director Gary Ellmer bought 1,000 shares of the enterprise’s inventory in a transaction on Monday, August twenty sixth. The shares had been bought at a median value of $45.00, for a complete transaction of $45,000.00. Following the sale, the director now owns 7,490 shares of the corporate’s inventory, valued at $337,050. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of this hyperlink. 17.50% of the inventory is at the moment owned by insiders.
Hedge Funds Weigh In On Allegiant Journey
Institutional buyers have just lately made modifications to their positions within the inventory. Privium Fund Administration UK Ltd grew its place in Allegiant Journey by 77.7% within the 4th quarter. Privium Fund Administration UK Ltd now owns 10,539 shares of the transportation firm’s inventory price $855,000 after buying an extra 4,607 shares within the final quarter. Par Capital Administration Inc. lifted its stake in Allegiant Journey by 1.4% within the 4th quarter. Par Capital Administration Inc. now owns 253,500 shares of the transportation firm’s inventory price $20,942,000 after buying an extra 3,500 shares within the final quarter. 180 Wealth Advisors LLC lifted its stake in Allegiant Journey by 5.7% within the 1st quarter. 180 Wealth Advisors LLC now owns 7,291 shares of the transportation firm’s inventory price $548,000 after buying an extra 392 shares within the final quarter. SeaCrest Wealth Administration LLC lifted its stake in Allegiant Journey by 39.8% within the 1st quarter. SeaCrest Wealth Administration LLC now owns 5,025 shares of the transportation firm’s inventory price $378,000 after buying an extra 1,430 shares within the final quarter. Lastly, BNP Paribas Monetary Markets raised its place in shares of Allegiant Journey by 369.1% in the course of the 1st quarter. BNP Paribas Monetary Markets now owns 23,874 shares of the transportation firm’s inventory valued at $1,796,000 after shopping for an extra 18,785 shares within the final quarter. Institutional buyers and hedge funds personal 85.81% of the corporate’s inventory.
About Allegiant Journey
Allegiant Journey Firm, a leisure journey firm, gives journey providers and merchandise to residents of under-served cities in the USA. The corporate affords scheduled air transportation on limited-frequency, nonstop flights between under-served cities and leisure locations. As of February 1, 2024, it operated a fleet of 126 Airbus A320 collection plane.
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