Credit Suisse Maintains Spirit Airlines Incorporated to Neutral with Price Target $46.00

Brokerage firm Credit Suisse Maintains its rating on Spirit Airlines Incorporated(NASDAQ:SAVE). In a research note issued to the investors, the brokerage major Lowers the price-target to $46.00 per share. The shares have been rated Neutral. The rating by Credit Suisse was issued on Apr 12, 2016.

In a different note, On Feb 26, 2016, Raymond James said it Upgrades its rating on Spirit Airlines Incorporated. The shares have been rated ‘Outperform’ by the firm. On Feb 4, 2016, JP Morgan said it Maintains its rating on Spirit Airlines Incorporated. In the research note, the firm Lowers the price-target to $52.00 per share. The shares have been rated ‘Overweight’ by the firm. On Jan 20, 2016, Citigroup said it Upgrades its rating on Spirit Airlines Incorporated. The shares have been rated ‘Buy’ by the firm. JP Morgan said it Initiates Coverage on Spirit Airlines Incorporated, according to a research note issued on Jan 14, 2016. In the research note, the firm Announces the price-target to $52 per share. The shares have been rated ‘Overweight’ by the firm.

Spirit Airlines Incorporated (SAVE) made into the market gainers list on Fridays trading session with the shares advancing 1.97% or 0.97 points. Due to strong positive momentum, the stock ended at $50.11, which is also near the day’s high of $50.17. The stock began the session at $49.46 and the volume stood at 10,83,893 shares. The 52-week high of the shares is $78.96 and the 52 week low is $32.73. The company has a current market capitalization of $3,585 M and it has 7,15,46,675 shares in outstanding.

Spirit Airlines Incorporated(SAVE) last announced its earnings results on Feb 9, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $519.85M. Analysts had an estimated revenue of $515.87M. Earnings per share were $1.02. Analysts had estimated an EPS of $0.96.

Several Insider Transactions has been reported to the SEC. On Mar 18, 2016, David G Elkins (director) purchased 1,500 shares at $47.92 per share price.Also, On Mar 8, 2016, John A. Bendoraitis (Senior VP and COO) sold 730 shares at $49.00 per share price.On Dec 17, 2015, Thomas C Canfield (Sr VP, General Counsel and Sec) purchased 1,000 shares at $41.70 per share price, according to the Form-4 filing with the securities and exchange commission.

Spirit Airlines Inc. is an airline company. The Company’s all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Company’s route network includes approximately 151 markets served by 56 airports throughout North America Central America South America and the Caribbean. The Company operates international services to Aruba the Bahamas Colombia Costa Rica Dominican Republic El Salvador Guatemala Haiti Honduras Jamaica Mexico Nicaragua Panama Peru and St. Maarten as well as Puerto Rico and the United States Virgin Islands.

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