Analyst Rating Flashback: Allegiant Travel Up 3.3% Since Downgraded 7 Days Ago (ALGT)

Published on Wed, 04/17/2013 - 09:27
By Peter Chu in Analyst reflections, ALGT, allegiant travel, analyst reflections, nasdaq:algt

A week ago, Wolfe Trahan downgraded Allegiant Travel from Outperform to Peer Perform. The stock closed at $89.13, which is 3.3% higher than the price one week ago ($86.26).

In the past 52 weeks, Allegiant Travel share prices have been bracketed by a low of $57.75 and a high of $89.46 and are now at $89.04, 54% above that low price. The 200-day and 50-day moving averages have moved 0.37% higher and 0.98% higher over the past week, respectively.

Allegiant Travel Company is a leisure travel company. The Company operates a passenger airline marketed to leisure travelers in small cities.

Allegiant Travel (NASDAQ:ALGT) defies analysts with a current price ($89.04) 5.6% above its average consensus price target of $84.09. Allegiant Travel shares have support at the 50-day moving average (MA) of $83.48 and additional support at the 200-day MA of $73.90.

By Peter Chu
pchu@fnno.com

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