Ratings for Allegiant Travel (NASDAQ:ALGT) were provided by 4 analysts over the past three months, with both bullish and bearish views.
The following table summarizes recent ratings, highlighting changes in sentiment over the past 30 days and comparing it to the previous month.
| strong | Slightly bullish | indifference | Slightly bearish | bearish | |
|---|---|---|---|---|---|
| Total number of ratings | 0 | 1 | 2 | 0 | 1 |
| the last 30d | 0 | 0 | 1 | 0 | 0 |
| 1 minute ago | 0 | 0 | 0 | 0 | 1 |
| 2 minutes ago | 0 | 1 | 1 | 0 | 0 |
| 3 minutes ago | 0 | 0 | 0 | 0 | 0 |
Revealing insights from analysts' 12-month price targets, the average target is $73.5, with a high estimate of $100.00 and a low estimate of $58.00. This current average represents a -13.53% decrease from the previous average price target of $85.00.
Interpretation of analyst ratings: Learn more
Studying recent analyst action can provide some insight into how financial professionals perceive Allegiant Travel. The overview below provides an overview of the key analysts, their recent reviews, and their ratings and price target adjustments.
| Analyst | analyst company | action taken | evaluation | Current target price | Previous target price |
|---|---|---|---|---|---|
| Brandon Oglenski | barclays | lower body | equal weight | $60.00 | $65.00 |
| atul maheswari | UBS | present | sell | $58.00 | – |
| Christopher Staholopoulos | Susquehanna | lower body | neutral | $76.00 | $80.00 |
| Savanti Sis | raymond james | lower body | excellent | $100.00 | $110.00 |
Key insights:
- Action taken: Analysts frequently update their recommendations in response to changes in market conditions and company performance. Whether they “maintain” their stance, “raise” or “lower”, it reflects their reaction to recent developments related to Allegiant Travel. This information provides a snapshot of how analysts perceive the current state of the company.
- evaluation: Analysts analyze trends and provide qualitative ratings ranging from “outperform” to “underperform.” These ratings convey expectations for Allegiant Travel's relative performance compared to the broader market.
- target price: Analysts evaluate target price trends and provide estimates of the future value of Allegiant Travel's stock. This comparison reveals long-term trends in analyst forecasts.
Understanding these analyst ratings and associated financial metrics can provide valuable insight into Allegiant Travel's market position. Use rating charts to stay informed and make strategic decisions.
Stay up to date with analyst ratings for Allegiant Travel.
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Explore the background of Allegiant Travel
Allegiant Travel Co provides travel services in the United States. We sell air transportation on its own or in bundles with aviation-related and third-party services and products. Customers can also purchase flat-rate air arrangements and receive charter services on an annual and occasional basis. Additionally, customers can purchase hotel rooms, ground transportation, and other attractions (such as tickets to entertainment shows) for their trip. The company's operating segments include airlines, Sunseeker Resorts, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online or through telephone reservation centers.
A deep dive into Allegiant Travel's financials
Market capitalization analysis: The company's market capitalization is below the industry average, suggesting that it is relatively small compared to its peers. This can be due to a variety of factors, including perceived growth potential and business size.
Revenue challenges: Allegiant Travel's three months of revenue growth were challenged. As of December 31, 2023, the company had approximately -0.09%. This indicates a decline in top-line profits. When compared to its peers, the company lags behind with a lower growth rate than the average of its industry peers.
Net profit margin: Allegiant Travel's net income exceeds industry benchmarks; -0.29%. This means efficient cost management and strong financial health.
Return on equity (ROE): Allegiant Travel's ROE is outstanding and above the industry average.Boasts an excellent ROE -0.13%the company has demonstrated effective use of equity capital and strong financial performance.
Return on assets (ROA): Allegiant Travel's ROA is superior to industry benchmarks; -0.04%. This means efficient management of assets and financial health.
Debt management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry standards. 1.78.
Analyst Rating: What is it?
Benzinga tracks 150 analyst companies and reports their stock forecasts. Analysts typically predict how much revenue a company will make in the future (usually over the next five years) and how risky or predictable the company's revenue streams are. We reach a conclusion.
Analysts attend company conference calls and meetings, examine company financial statements, communicate with insiders, and issue stock ratings. Analysts typically rate each stock once a quarter, or whenever a company makes a major update.
Some analysts also provide forecasts for useful metrics such as earnings, revenue, and growth estimates to provide further guidance on what to do with a particular ticker. It is important to remember that although stock and sector analysts are experts, they are also human beings and can only predict their own beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
