Raymond James Reiterates “Outperform” Rating for Spirit Airlines (SAVE)
Spirit Airlines (NASDAQ:SAVE)‘s stock had its “outperform” rating restated by equities researchers at Raymond James in a research report issued on Wednesday. They currently have a $74.00 price target on the stock, up from their previous price target of $70.00. Raymond James’ price target suggests a potential upside of 12.65% from the stock’s previous close.
A number of other analysts have also recently weighed in on SAVE. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit Airlines in a research note on Wednesday. They now have a $76.00 price target on the stock, up previously from $67.00. Separately, analysts at Imperial Capital raised their price target on shares of Spirit Airlines from $68.00 to $73.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Finally, analysts at ISI Group raised their price target on shares of Spirit Airlines to $73.00 in a research note on Wednesday. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $72.25.
Spirit Airlines (NASDAQ:SAVE) traded up 1.00% during mid-day trading on Wednesday, hitting $66.348. 810,611 shares of the company’s stock traded hands. Spirit Airlines has a one year low of $29.65 and a one year high of $65.97. The stock has a 50-day moving average of $62.30 and a 200-day moving average of $56.25. The company has a market cap of $4.826 billion and a P/E ratio of 26.18.
Spirit Airlines (NASDAQ:SAVE) last announced its earnings results 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. On average, analysts predict that Spirit Airlines will post $2.97 earnings per share for the current fiscal year.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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