Analyst Rating Update on Spirit Airlines (SAVE)

Spirit Airlines (NASDAQ:SAVE) : The consensus on Spirit Airlines (NASDAQ:SAVE) based on 10 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 5 which endorses a Strong Sell on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Spirit Airlines (NASDAQ:SAVE) : 11 investment research analysts covering Spirit Airlines (NASDAQ:SAVE) have an average price target of $56.18 for the near short term. The highest target price given by the Brokerage Firm to the stock is $64 and the lowest target is $50 for the short term. Analysts expect the variance to be within $4.6 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.

Spirit Airlines (NASDAQ:SAVE): stock turned positive on Tuesday. Though the stock opened at $41.6, the bulls momentum made the stock top out at $43 level for the day. The stock recorded a low of $41.18 and closed the trading day at $42.17, in the green by 2.08%. The total traded volume for the day was 822,804. The stock had closed at $41.31 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Spirit Airlines, Inc., Elkins David G, had purchased 1,500 shares in a transaction dated on March 17, 2016. The transaction was executed at $47.92 per share with total amount equaling $71,880.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.