Breaking Down Allegiant Travel: 10 Analysts Share Their Views

In the latest quarter, 10 analysts provided ratings for Allegiant Travel ALGT, showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $70.0, a high estimate of $110.00, and a low estimate of $42.00. This upward trend is evident, with the current average reflecting a 29.1% increase from the previous average price target of $54.22.

Diving into Analyst Ratings: An In-Depth Exploration

An in-depth analysis of recent analyst actions unveils how financial experts perceive Allegiant Travel. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, 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.
• Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Allegiant Travel compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Allegiant Travel's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Allegiant Travel's market position. Stay informed and make well-informed decisions with our Ratings Table.

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Discovering Allegiant Travel: A Closer Look

Allegiant Travel Co provides travel services in the United States. It sells air transportation on a stand-alone basis or bundled with air-related and third-party services and products. Customers may also purchase fixed-fee flying arrangements to receive charter service on a year-round and ad hoc basis. Additionally, customers may purchase hotel rooms, ground transportation, and other attractions (for example, entertainment show tickets) to accommodate a trip. The company's operating segment includes Airline, Sunseeker Resort, and other non-airlines. Customers purchase travel tickets at airport ticket counters, online, or through its telephone reservation center.

Financial Insights: Allegiant Travel

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Decline in Revenue: Over the 3 months period, Allegiant Travel faced challenges, resulting in a decline of approximately -0.56% in revenue growth as of 30 September, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.

Net Margin: Allegiant Travel's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -6.54%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Allegiant Travel's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -2.79%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Allegiant Travel's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -0.76%, the company may face hurdles in generating optimal returns from its assets.

Debt Management: Allegiant Travel's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.75.

The Basics of Analyst Ratings

Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.