Credit Suisse Maintains Allegiant Travel Company to Neutral with Price Target $169.00

Brokerage firm Credit Suisse Maintains its rating on Allegiant Travel Company(NASDAQ:ALGT). In a research note issued to the investors, the brokerage major Lowers the price-target to $169.00 per share. The shares have been rated Neutral. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, On Jan 28, 2016, Deutsche Bank said it Maintains its rating on Allegiant Travel Company. In the research note, the firm Lowers the price-target to $228.00 per share. The shares have been rated ‘Buy’ by the firm.

Allegiant Travel Company (ALGT) shares turned negative on Fridays trading session with the shares closing down -2.96 points or -1.63% at a volume of 1,19,474. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $179.955. The peak price level was also seen at $179.955 while the days lowest was $175.39. Finally the shares closed at $178.11. The 52-week high of the shares is $238.1299 while the 52-week low is $134.64. According to the latest information available, the market cap of the company is $2,992 M.

Allegiant Travel Company(ALGT) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $310.89M. Analysts had an estimated revenue of $309.65M. Earnings per share were $3.38. Analysts had estimated an EPS of $3.12.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Maurice J Jr Gallagher (CEO and President) sold 292,200 shares at $163.50 per share price.Also, On Nov 24, 2015, Gary Ellmer (director) sold 480 shares at $200.00 per share price.On Aug 14, 2015, John Redmond (director) sold 6,000 shares at $224.77 per share price, according to the Form-4 filing with the securities and exchange commission.

Allegiant Travel Company is a leisure travel company. The Company is focused on providing travel services and products to residents of under-served cities in the United States. The Company’s products and services include scheduled service air transportation air-related ancillary products and services third-party ancillary products and services fixed fee contract air transportation and other revenue. Scheduled service air transportation includes scheduled air transportation on limited-frequency non-stop flights between under-served cities and leisure destinations. The Company provides unbundled air-related services and products in conjunction with air transportation for an additional cost to customers. Third-party ancillary products and services comprise offering third-party travel products. Fixed fee contract air transportation includes providing air transportation through fixed fee agreements and charter service on a year-round and ad-hoc basis.

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