Spirit Airlines Given Average Rating of “Buy” by Brokerages (NASDAQ:SAVE)
Spirit Airlines (NASDAQ:SAVE) has received an average rating of “Buy” from the fourteen analysts that are presently covering the company, Analyst RN reports. One investment analyst has rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $61.57.
Shares of Spirit Airlines (NASDAQ:SAVE) traded up 1.35% on Monday, hitting $59.4395. The stock had a trading volume of 84,249 shares. Spirit Airlines has a 52-week low of $25.33 and a 52-week high of $63.89. The stock’s 50-day moving average is $59.25 and its 200-day moving average is $49.29. The company has a market cap of $4.313 billion and a price-to-earnings ratio of 24.24.
Spirit Airlines (NASDAQ:SAVE) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Spirit Airlines will post $2.92 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Bank of America initiated coverage on shares of Spirit Airlines in a research note on Monday. They set a “buy” rating and a $70.00 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Spirit Airlines from $58.00 to $65.00 in a research note on Thursday, April 17th. They now have an “overweight” rating on the stock. Finally, analysts at Buckingham Research raised their price target on shares of Spirit Airlines from $67.00 to $76.00 in a research note on Tuesday, March 25th.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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