Evercore ISI Reaffirms Their Buy Rating on Allegiant Travel Company (ALGT)

In a report released on November 24, Duane Pfennigwerth from Evercore ISI maintained a Buy rating on Allegiant Travel Company, with a price target of $85.00. The company’s shares closed last Wednesday at $68.46.

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According to TipRanks, Pfennigwerth is a 3-star analyst with an average return of 1.2% and a 45.02% success rate. Pfennigwerth covers the Industrials sector, focusing on stocks such as Alaska Air, Allegiant Travel Company, and JetBlue Airways.

Allegiant Travel Company has an analyst consensus of Hold, with a price target consensus of $71.56, a 4.53% upside from current levels. In a report released on November 9, Seaport Global also maintained a Buy rating on the stock with a $85.00 price target.

Based on Allegiant Travel Company’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $561.93 million and a GAAP net loss of $43.57 million. In comparison, last year the company earned a revenue of $562.2 million and had a GAAP net loss of $36.79 million