Spirit Airlines Reaches New 52-Week High at $71.15 (SAVE)
Spirit Airlines (NASDAQ:SAVE) hit a new 52-week high during trading on Monday , AnalystRatings.NET reports. The stock traded as high as $71.15 and last traded at $70.96, with a volume of 418,919 shares changing hands. The stock had previously closed at $69.26.
A number of research firms have recently commented on SAVE. 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 investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Spirit Airlines presently has a consensus rating of “Buy” and an average price target of $75.19.
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 $5.215 billion and a price-to-earnings ratio of 24.57.
Spirit Airlines (NASDAQ:SAVE) last posted its quarterly 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.
In other Spirit Airlines news, 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 transaction of $346,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Spirit Airlines, Inc (NASDAQ:SAVE) is an airline company.
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