ALGT - Allegiant Travel Company

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
108.00
-1.89 (-1.72%)
As of 9:36AM EDT. Market open.
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close109.89
Open107.34
Bid0.00 x 1000
Ask0.00 x 900
Day's Range107.34 - 109.28
52 Week Range60.06 - 183.26
Volume7,078
Avg. Volume352,653
Market Cap1.754B
Beta (5Y Monthly)1.46
PE Ratio (TTM)12.43
EPS (TTM)8.69
Earnings DateJul 29, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateFeb 28, 2020
1y Target Est121.89
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
25% Est. Return
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  • Allegiant Travel Company Schedules Second Quarter 2020 Earnings Call
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    Allegiant Travel Company Schedules Second Quarter 2020 Earnings Call

    Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2020 financial results conference call for Wednesday, July 29 at 4:30 p.m. EDT. A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiantair.com. The webcast will also be archived on the "Events & Presentations" section of the site.

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  • Barrons.com

    Airlines Stocks Are Falling Because None of Us Are Going Anywhere

    Airline stocks were down sharply on Thursday as a new reality appeared to be sinking in: The rebound in leisure travel may be sputtering, and there are signs that corporate travel may not materialize to pick up the slack. “In metaphorical terms, if all the octopus’ tentacles are not functioning, the head will flounder.”

  • MarketWatch

    Allegiant Travel's stock rises after upbeat June bookings, cash burn results

    Shares of Allegiant Travel Co. rose 1.0% in premarket trading Thursday, after the air-related travel services company reported June bookings that exceeded its expectations, resulting in improved load factor and cash burn. Allegiant said average bookings for June were more than $4 million per day, which "exceeded our expectations," to lift the average daily gross bookings for the second quarter to over $2.5 million. That helped bring the average daily cash burn rate for the quarter to $900,000, compared with the previous forecast of $1.75 million. Meanwhile, bookings were negatively impacted over the last two weeks after several states reported increases in COVID-19 cases, which has "tempered expectations into the third quarter." The company said June load factor was 57.3%, up nearly 10 percentage points from May. For the third quarter, average daily cash burn is expected to be about $750,000 and the company expects to operate about 75% of its schedule. The stock has dropped 36.7% year to date through Wednesday, while the U.S. Global Jets ETF has shed 48.2% and the S&P 500 has eased 1.9%.

  • Allegiant Reports June 2020 Traffic
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    Allegiant Reports June 2020 Traffic

    Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2020 as well as second quarter 2020.

  • American Airlines will fly at full capacity — only 3 U.S. airlines have blocked the middle seat on domestic flights
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    American Airlines will fly at full capacity — only 3 U.S. airlines have blocked the middle seat on domestic flights

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  • One new safety measure for Americans ready to fly again this July 4 weekend: More checkpoints open at security
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    One new safety measure for Americans ready to fly again this July 4 weekend: More checkpoints open at security

    During a media roundtable Senate Committee hearing this week, the TSA laid out new policies and procedures to reduce the potential of infectious transmission.

  • Allegiant Expands Health And Safety Commitment By Requiring Customers To Wear Face Masks During All Phases Of Travel
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  • Barrons.com

    Airline Stocks Are Falling as Covid-19 Cases Rise

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  • U.S. Airlines Seek Revenue From ‘Visiting Friends and Relatives’ Travel
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    With their businesses cratering, most U.S. airlines are staking out their short-term future on one customer segment that has proven resilient in nearly every downturn — travelers visiting friends and relatives. But as Covid-19 cases rise in the United States and some states enact new restrictions on movement, that strategy will be tested. The latest […]

  • Hedge Funds Getting Out Of Allegiant Travel Company (ALGT)
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    Hedge Funds Getting Out Of Allegiant Travel Company (ALGT)

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  • BofA Bullish On Allegiant, Southwest, Says Leisure Travel Recovering
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    BofA Bullish On Allegiant, Southwest, Says Leisure Travel Recovering

    Although systemwide net flight bookings in the U.S. declined in the week ending June 14, it was a meaningful improvement from the prior week's decline, driven by both domestic and international bookings, according to BofA Securities.The sell-side firm sees continues strength in the leisure segment. The Allegiant, Southwest Analyst Andrew Didora maintained Buy ratings on Allegiant Travel Company (NASDAQ: ALGT) and Southwest Airlines Co (NYSE: LUV), with unchanged price targets of $140 and $44, respectively.Takeaways On Allegiant, Southwest Recent conference calls with Allegiant Travel and Southwest Airlines management support the data showing a recovery in leisure demand and highlighted the strengths of both carriers in managing through the pandemic, Didora said in a Monday note. (See his track record here.)Both companies have solid liquidity positions, the analyst said.Even without additional government loans, Allegiant Travel has enough liquidity through 2022 and Southwest Airlines through mid-2023 at their present cash burn rates, he said. "ALGT's strategy of keeping its schedule open and pulling back flights close-in has allowed it to take advantage of this bounce in demand, while LUV has actually begun adding back flights to its schedule in late May and into June."Neither carrier reported a demand impact from rising coronavirus cases, despite their exposure to Florida, according to BofA. ALGT, LUV Price Action Allegiant Travel shares were up 2.82% at $112.42 at the time of publication, while Southwest shares were higher by 0.12% at $34.59. Related Links: 3 Airline Stocks That Could Benefit From Leisure-Led RecoveryAmerican Airlines Plans To Raise .5B In Funding To Fly Through The PandemicLatest Ratings for ALGT DateFirmActionFromTo Jun 2020Raymond JamesUpgradesOutperformStrong Buy May 2020Raymond JamesUpgradesMarket PerformOutperform Apr 2020Deutsche BankMaintainsBuy View More Analyst Ratings for ALGT View the Latest Analyst Ratings See more from Benzinga * Stifel Upgrades Southwest Airlines, Says It Will Exit The Coronavirus Crisis Stronger(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Barrons.com

    Airlines Are Raising More Money — and Their Stocks Are Falling

    United Airlines Holdings (UAL), meanwhile, is gearing up to issue $5 billion in debt this week, according to Bloomberg, using its frequent-flier mileage program as collateral. Shares of American were off 6% in Monday morning trading, while United’s stock was down 3%. Airline balance sheets are getting stressed with more debt, and equity values are being diluted as carriers issue more stock.

  • Thomson Reuters StreetEvents

    Edited Transcript of ALGT.OQ earnings conference call or presentation 12-May-20 8:30pm GMT

    Q1 2020 Allegiant Travel Co Earnings Call

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  • Allegiant (ALGT) Traffic and Load Factor Plummet In May
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  • MarketWatch

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  • Allegiant Reports May 2020 Traffic
    PR Newswire

    Allegiant Reports May 2020 Traffic

    Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2020.

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  • Thomson Reuters StreetEvents

    Edited Transcript of ALGT earnings conference call or presentation 24-Jul-19 8:30pm GMT

    Q2 2019 Allegiant Travel Co Earnings Call

  • Barrons.com

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    Ever since stocks bottomed on March 23, we’ve been wondering how the S&P 500 could keep going higher. Friday’s payrolls surprise supplied the reason.

  • Moody's

    Allegiant Travel Company -- Moody's confirms Allegiant Travel's Ba3 corporate family and Ba3 senior secured ratings; outlook negative

    Moody's Investors Service ("Moody's") confirmed its ratings for Allegiant Travel Company ("Allegiant"); Ba3 corporate family rating, Ba3-PD probability of default rating, and Ba3 senior secured debt ratings. The ratings outlook is negative.

  • How Airlines Are Generating Revenue on Flights That Will Never Take Off
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    How Airlines Are Generating Revenue on Flights That Will Never Take Off

    U.S. leisure travelers often buy airfare months ahead of departure, betting they can score a deal with shrewd advance planning. But in these atypical times, that may not be the best strategy — provided they want to fly what they bought. That's because many airlines have not yet decided what they're going to fly more […]