Spirit Airlines Rating Lowered to Neutral at Sidoti (SAVE)
Spirit Airlines (NASDAQ:SAVE) was downgraded by investment analysts at Sidoti from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports.
Spirit Airlines (NASDAQ:SAVE) traded up 0.36% during mid-day trading on Tuesday, hitting $55.4892. 218,270 shares of the company’s stock traded hands. Spirit Airlines has a 1-year low of $20.01 and a 1-year high of $56.58. The stock has a 50-day moving average of $47.93 and a 200-day moving average of $41.31. The company has a market cap of $4.032 billion and a price-to-earnings ratio of 22.85.
Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The company had revenue of $420.00 million for the quarter, compared to the consensus estimate of $421.44 million. Analysts expect that Spirit Airlines will post $2.90 EPS for the current fiscal year.
A number of other firms have also recently commented on SAVE. Analysts at Stifel Nicolaus initiated coverage on shares of Spirit Airlines in a research note on Tuesday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Spirit Airlines from $54.00 to $62.00 in a research note on Thursday, February 20th. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Spirit Airlines in a research note on Thursday, February 20th. They now have a $56.00 price target on the stock. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $56.29.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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