Brokerage Firm Rating Update on Spirit Airlines (SAVE)

Spirit Airlines (SAVE) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Spirit Airlines (SAVE) : The consensus price target for Spirit Airlines (SAVE) is $55 for the short term with a standard deviation of $5.01. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $64, however, the pessimist price target for the company is $47.


For the current week, the company shares have a recommendation consensus of Buy. Also, Citigroup maintains its rating on Spirit Airlines (NASDAQ:SAVE). The global brokerage major lowers the current price target from $56 per share to $51 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on August 8, 2016.

Spirit Airlines (NASDAQ:SAVE): The stock opened at $40.26 and touched an intraday high of $41.39 on Wednesday. During the day, the stock corrected to an intraday low of $40.048, however, the bulls stepped in and pushed the price higher to close in the green at $40.82 with a gain of 2.20% for the day. The total traded volume for the day was 2,123,166. The stock had closed at $39.94 in the previous trading session.

Spirit Airlines, Inc. is an airline company. The Companys 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 Companys 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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