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Susquehanna Sticks to Its Hold Rating for Allegiant Travel Company (ALGT)

Tipranks - Tipranks - Sat Aug 8, 7:03AM CDT

Susquehanna analyst Christopher Stathoulopoulos maintained a Hold rating on Allegiant Travel Company yesterday and set a price target of $110.00. The company’s shares closed yesterday at $97.17.

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Stathoulopoulos covers the Industrials sector, focusing on stocks such as Allegiant Travel Company, Avis Budget, and United Airlines Holdings. According to TipRanks, Stathoulopoulos has an average return of 12.7% and a 58.52% success rate on recommended stocks.

Allegiant Travel Company has an analyst consensus of Moderate Buy, with a price target consensus of $134.08, which is a 37.99% upside from current levels. In a report released on August 5, Morgan Stanley also maintained a Hold rating on the stock with a $115.00 price target.

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Based on Allegiant Travel Company’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $732.43 million and a net profit of $42.48 million. In comparison, last year the company earned a revenue of $699.07 million and had a net profit of $32.1 million

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