Shares of Allegiant Travel (ALGT) Take Breather After Six-Month Climb
ALGT Hot Sheet
Rating Summary:4 Buy, 5 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 1
Shares of Allegiant Travel Company (NASDAQ: ALGT) are taking a breather today, currently down $0.40 (-0.71%) to $55.87. However, the stock has been on a tear since Aug 2011, moving up almost 40%.
ALGT has been maintaining too...and last night reported Q4 EPS of $0.56, in-line with the analyst estimate of $0.56. Revenue for the quarter came in at $193.9 million versus the consensus estimate of $192.37 million.
Deutsche Bank downgraded shares from Buy to Hold on Jan 10, 2012, but most firms still have a positive rating on the company.
For example, Barclays, maintained an Overweight on ALGT and raised its price target from $63 to $71.
Barclays analyst, Gary Chase, said, "There are two major growth initiatives ALGT is undertaking in 2012. The first is incremental seats on the core MD-80 fleet, which we think has a solid risk-reward profile. The second is the continued rollout of the 757 and a potential service introduction to Hawaii. We think both, but especially the latter, have the potential to demonstrate organizational depth and market opportunity that highlight scalability of the model."
For an analyst ratings summary and ratings history on Allegiant Travel Company click here. For more ratings news on Allegiant Travel Company click here.
Shares of Allegiant Travel Company closed at $56.27 yesterday, with a 52 week range of $38.95-$56.42.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
ALGT has been maintaining too...and last night reported Q4 EPS of $0.56, in-line with the analyst estimate of $0.56. Revenue for the quarter came in at $193.9 million versus the consensus estimate of $192.37 million.
Deutsche Bank downgraded shares from Buy to Hold on Jan 10, 2012, but most firms still have a positive rating on the company.
For example, Barclays, maintained an Overweight on ALGT and raised its price target from $63 to $71.
Barclays analyst, Gary Chase, said, "There are two major growth initiatives ALGT is undertaking in 2012. The first is incremental seats on the core MD-80 fleet, which we think has a solid risk-reward profile. The second is the continued rollout of the 757 and a potential service introduction to Hawaii. We think both, but especially the latter, have the potential to demonstrate organizational depth and market opportunity that highlight scalability of the model."
For an analyst ratings summary and ratings history on Allegiant Travel Company click here. For more ratings news on Allegiant Travel Company click here.
Shares of Allegiant Travel Company closed at $56.27 yesterday, with a 52 week range of $38.95-$56.42.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
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