Spirit Airlines Given “Overweight” Rating at Barclays (SAVE)
Spirit Airlines (NASDAQ:SAVE)‘s stock had its “overweight” rating restated by investment analysts at Barclays in a note issued to investors on Monday. They currently have a $82.00 price objective on the stock, up from their previous price objective of $77.00. Barclays’ price objective points to a potential upside of 21.46% from the company’s current price.
A number of other firms have also recently commented on SAVE. Analysts at Evercore Partners downgraded shares of Spirit Airlines from an “overweight” rating to an “equal weight” rating in a research note on Monday. Separately, analysts at Zacks upgraded shares of Spirit Airlines from a “neutral” rating to an “outperform” rating in a research note on Thursday. They now have a $68.50 price target on the stock. Finally, analysts at CRT Capital raised their price target on shares of Spirit Airlines from $74.00 to $78.00 in a research note on Thursday. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Spirit Airlines has a consensus rating of “Buy” and an average price target of $73.12.
Spirit Airlines (NASDAQ:SAVE) traded up 0.18% during mid-day trading on Monday, hitting $67.63. The stock had a trading volume of 712,602 shares. Spirit Airlines has a one year low of $29.65 and a one year high of $67.67. The stock has a 50-day moving average of $62.92 and a 200-day moving average of $56.55. The company has a market cap of $4.920 billion and a P/E ratio of 26.91.
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. On average, analysts predict that Spirit Airlines will post $3.07 earnings per share for the current fiscal year.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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