Spirit Airlines Sets New 12-Month High at $64.53 (SAVE)
Spirit Airlines (NASDAQ:SAVE) shares reached a new 52-week high during trading on Friday , American Banking News.com reports. The stock traded as high as $64.53 and last traded at $63.65, with a volume of 528,124 shares changing hands. The stock had previously closed at $63.07.
A number of research firms have recently commented on SAVE. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit Airlines in a research note on Friday, May 2nd. They now have a $67.00 price target on the stock. Separately, analysts at Imperial Capital raised their price target on shares of Spirit Airlines from $58.00 to $68.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Spirit Airlines from $56.00 to $68.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Spirit Airlines currently has a consensus rating of “Buy” and an average target price of $67.75.
The stock’s 50-day moving average is $58.66 and its 200-day moving average is $53.70. The company has a market cap of $4.641 billion and a price-to-earnings ratio of 25.14.
Spirit Airlines (NASDAQ:SAVE) last released its earnings data on Tuesday, April 29th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.51 by $0.01. The company had revenue of $438.00 million for the quarter, compared to the consensus estimate of $437.91 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 18.3% on a year-over-year basis. Analysts expect that Spirit Airlines will post $2.95 EPS for the current fiscal year.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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