Spirit Airlines (NYSE:SAVE) Stock Rating Reaffirmed by Evercore ISI

Spirit Airlines (NYSE: SAVE)Evercore ISI’s stock was reissued by research analysts at Evercore ISI in a “Hold” -rated report released Thursday, AnalystRatings.com reports. You currently have a price target of $ 35.00 on the stock. Evercore ISI’s price target would indicate a potential upside of 38.01% over the company’s current price.

SAVE has been the subject of several other research reports. MKM Partners started reporting on Spirit Airlines in a report on Thursday June 10th. They posted a “Buy” rating and a target price of $ 44.00 on the stock. In a report dated Tuesday, June 15, Spirit Airlines upgraded its rating to a “buy” rating from “neutral” and raised its price target for the company from $ 40.00 to $ 42.00. JPMorgan Chase & Co. upgraded Spirit Airlines from an “underweight” rating to an “overweight” rating in a report dated Wednesday April 14th and raised their price target for the company from $ 31.00 to $ 54.00. Citigroup told Spirit Airlines in a report dated Tuesday 15th. Wolfe Research upgraded the shares of Spirit Airlines from an “underperform” rating to a “peer perform” rating in a research report on Friday the 15th May 14th, set a price target of $ 35.00 on the stock. A stock research analyst has rated the stock with a sell rating, seven with a hold rating, and eight with a buy rating. Spirit Airlines has an average Hold rating and a consensus price target of $ 38.80.

NYSE: SAVE traded around $ 0.84 during Thursday’s midday trading to hit $ 25.36. 76,196 shares were exchanged compared to an average volume of 4,323,929 shares. Spirit Airlines has an annual low of $ 15.06 and an annual high of $ 40.77. The company has a market cap of $ 2.75 billion, a P / E of -3.99, and a beta of 1.72. The company’s 50-day moving average price is $ 30.20. The company has a leverage ratio of 1.38, a current value of 1.49, and a fast value of 1.49.


Investors can’t get enough of this stock and industry.

Spirit Airlines (NYSE: SAVE) last announced their winning numbers on Tuesday, July 27th. The company reported ($ 0.34) EPS for the quarter, beating Thomson Reuters’ consensus estimate of ($ 0.87) by $ 0.53. Spirit Airlines had a negative return on equity of 29.21% and a negative net margin of 29.57%. The company posted revenue of $ 859.31 million for the quarter, compared to analyst expectations of $ 818.67 million. As a group, analysts predict that Spirit Airlines will achieve earnings per share of -2.49 for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares in the stock. Evoke Wealth LLC bought a new stake in Spirit Airlines worth approximately $ 25,000 in the first quarter. Captrust Financial Advisors bought a new stake in Spirit Airlines worth approximately $ 26,000 in the first quarter. Credit Agricole SA bought a new stake in Spirit Airlines worth approximately $ 28,000 in the first quarter. Harvest Fund Management Co. Ltd bought a new stake in Spirit Airlines in the first quarter valued at approximately $ 29,000. Eventually, Tradition Wealth Management LLC bought a new stake in Spirit Airlines worth approximately $ 30,000 in the first quarter. 62.76% of the shares are currently owned by institutional investors and hedge funds.

Spirit Airlines company profile

Spirit Airlines, Inc is an airline that offers travel to budget conscious customers. Its customers start with unbundled basic tariffs, which do away with the components included in the price of a flight ticket. The company was founded in 1964 by Ned Homfeld and is headquartered in Miramar, FL.

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Analyst Recommendations for Spirit Airlines (NYSE: SAVE)

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