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J.P. Morgan Reaffirms Their Buy Rating on Allegiant Travel Company (ALGT)

Tipranks - Tipranks - Sat Oct 17, 7:11AM CDT

J.P. Morgan analyst James Kirby maintained a Buy rating on Allegiant Travel Company today and set a price target of $165.00.

According to TipRanks, Kirby is an analyst with an average return of -3.6% and a 50.00% success rate.

In addition to J.P. Morgan, Allegiant Travel Company also received a Buy from Raymond James’s Savanthi Syth in a report issued on October 7. However, on October 8, Morgan Stanley maintained a Hold rating on Allegiant Travel Company (NASDAQ: ALGT).

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Based on Allegiant Travel Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $943.49 million and a GAAP net loss of $4.86 million. In comparison, last year the company earned a revenue of $689.38 million and had a GAAP net loss of $65.17 million

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