Spirit Airlines Given Average Rating of “Buy” by Analysts (NASDAQ:SAVE)
Spirit Airlines (NASDAQ:SAVE) has received an average recommendation of “Buy” from the sixteen analysts that are covering the company, AmericanBankingNews.com reports. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $75.19.
In other Spirit Airlines news, SVP Thomas C. Canfield sold 5,000 shares of Spirit Airlines stock on the open market in a transaction dated Thursday, August 14th. The shares were sold at an average price of $69.28, for a total transaction of $346,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Spirit Airlines (NASDAQ:SAVE) opened at 69.26 on Tuesday. 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 $65.92 and its 200-day moving average is $59.17. The company has a market cap of $5.038 billion and a price-to-earnings ratio of 24.64.
Spirit Airlines (NASDAQ:SAVE) last released its earnings data 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. On average, analysts predict that Spirit Airlines will post $3.10 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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