Stifel Nicolaus Maintains Allegiant Travel Company to Buy with Price Target $155.00

Brokerage firm Stifel Nicolaus Maintains its rating on Allegiant Travel Company(NASDAQ:ALGT). In a research note issued to the investors, the brokerage major Lowers the price-target to $155.00 per share. The shares have been rated Buy. The rating by Stifel Nicolaus was issued on Aug 3, 2016.

In a different note, On Jun 14, 2016, Raymond James said it Upgrades its rating on Allegiant Travel Company. The shares have been rated ‘Outperform’ by the firm.

Allegiant Travel Company (ALGT) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.03% at a volume of 1,10,154. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $127.77. The peak price level was also seen at $127.77 while the days lowest was $125.49. Finally the shares closed at $126.63. The 52-week high of the shares is $238.1299 while the 52-week low is $121.7. According to the latest information available, the market cap of the company is $2,087 M.

Allegiant Travel Company(ALGT) last announced its earnings results on Jul 29, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $344.85M. Analysts had an estimated revenue of $343.80M. Earnings per share were $3.68. Analysts had estimated an EPS of $3.55.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Maurice J Jr Gallagher (CEO and President) sold 292,200 shares at $163.50 per share price.Also, On Nov 24, 2015, Gary Ellmer (director) sold 480 shares at $200.00 per share price.On Aug 14, 2015, John Redmond (director) sold 6,000 shares at $224.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. The Company’s products and services include scheduled service air transportation air-related ancillary products and services third-party ancillary products and services fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. Third-party ancillary products and services comprise offering third-party travel products. Fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.

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