For its third fiscal quarter (ending September 30), Allegiant Travel Co (NASDAQ: ALGT) has reported a 42% increase in E.P.S. from $-1.44 a year ago to $-2.05 in the current quarter. E.P.S. were $-1.51 for the latest four quarters through September 30 versus $9.31 for the same period a year ago — a decline of -116%.
Recent Price Action
Allegiant Travel Co (NASDAQ: ALGT) stock enjoyed a large increase of 3.7% on 10/30/24. The stock closed at $62.96. Moreover, trading volume in this advance was unusually high at 181% of normal. The stock has been extremely weak relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, ALGT is expected to continue to be a Value Builder.
Allegiant Travel has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Allegiant Travel has a good Appreciation Score of 84 but a poor Power Rating of 30, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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