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Evercore ISI Sticks to Its Buy Rating for Allegiant Travel Company (ALGT)

Tipranks - Tipranks - Wed Jan 14, 7:28AM CST

In a report released yesterday, Duane Pfennigwerth from Evercore ISI maintained a Buy rating on Allegiant Travel Company, with a price target of $120.00. The company’s shares closed yesterday at $89.01.

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According to TipRanks, Pfennigwerth is a 4-star analyst with an average return of 8.9% and a 58.64% success rate. Pfennigwerth covers the Industrials sector, focusing on stocks such as Alaska Air, Allegiant Travel Company, and Copa Holdings.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Allegiant Travel Company with a $96.20 average price target.

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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

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