Barclays Remains a Sell on Allegiant Travel Company

By Austin Angelo

In a report issued on September 11, Brandon Oglenski from Barclays maintained a Sell rating on Allegiant Travel Company (NASDAQ: ALGT), with a price target of $130. The company’s shares closed yesterday at $121.50, close to its 52-week low of $111.54.

According to TipRanks.com, Oglenski is a 4-star analyst with an average return of 6.3% and a 58.2% success rate. Oglenski covers the Services sector, focusing on stocks such as Diana Containerships Inc, Expeditors International, and Knight Transportation.

Allegiant Travel Company has an analyst consensus of Hold, with a price target consensus of $154.25.

The company has a one year high of $182.25 and a one year low of $111.54. Currently, Allegiant Travel Company has an average volume of 143.2K.

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Allegiant Travel Co. engages in the provision of travel services. It includes scheduled service air transportation; air-related travel services and product; third party travel products, and fixed fee contract air transportation. The company was founded in 1997 and is headquartered in Las Vegas, NV.