Spirit Airlines SVP Thomas C. Canfield Sells 5,000 Shares (SAVE)
Spirit Airlines (NASDAQ:SAVE) SVP Thomas C. Canfield sold 5,000 shares of the stock on the open market in a transaction dated Thursday, August 14th. The stock was sold at an average price of $69.28, for a total value of $346,400.00. Following the transaction, the senior vice president now directly owns 34,641 shares of the company’s stock, valued at approximately $2,399,928. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on SAVE shares. Analysts at Barclays reiterated a “buy” rating on shares of Spirit Airlines in a research note on Thursday, July 31st. They now have a $79.00 price target on the stock, up previously from $78.00. Separately, analysts at Stifel Nicolaus raised their price target on shares of Spirit Airlines from $75.00 to $80.00 in a research note on Thursday, July 31st. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit Airlines in a research note on Wednesday, July 30th. They now have a $82.00 price target on the stock, up previously from $76.00. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $75.19.
Shares of Spirit Airlines (NASDAQ:SAVE) traded down 0.29% during mid-day trading on Friday, hitting $69.26. The stock had a trading volume of 435,668 shares. Spirit Airlines has a one year low of $29.65 and a one year high of $70.00. The stock’s 50-day moving average is $65.73 and its 200-day moving average is $59.00. The company has a market cap of $5.038 billion and a price-to-earnings ratio of 24.64.
Spirit Airlines (NASDAQ:SAVE) last announced its earnings results on Tuesday, July 29th. The company reported $0.91 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.89 by $0.02. The company had revenue of $499.30 million for the quarter, compared to the consensus estimate of $497.77 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 22.6% on a year-over-year basis. Analysts expect that Spirit Airlines will post $3.10 EPS for the current fiscal year.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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