Stock Rating Downgrade
The Value Trend Rating for Allegiant Travel Co (NASDAQ: ALGT) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Allegiant Travel Co (NASDAQ: ALGT) stock increased 1.3% on 12/15/23. The shares closed at $82.25. Moreover, trading volume in this advance was exceptionally high at 213% of normal. The stock has been weak relative to the market over the last nine months but has risen 9.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, ALGT is expected to be a modest Value Builder.
Allegiant Travel has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Allegiant Travel has a good Appreciation Score of 77 but a very low Power Rating of 6, producing the Negative Value Trend Rating.
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