Analyst Rating Update on Spirit Airlines (SAVE)

Spirit Airlines (SAVE) : 9 analysts are covering Spirit Airlines (SAVE) and their average rating on the stock is 1.56, which is read as a Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Spirit Airlines (SAVE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Spirit Airlines (SAVE) : The highest level Spirit Airlines (SAVE) is projected to reach is $64 for the short term and the lowest estimate is at $51. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $55.8 and the possibility the share price can swing is $4.47.

For the current week, the company shares have a recommendation consensus of Buy.


Spirit Airlines (NASDAQ:SAVE): The stock opened at $39.46 on Wednesday but the bulls could not build on the opening and the stock topped out at $39.89 for the day. The stock traded down to $38.94 during the day, due to lack of any buying support eventually closed down at $39.53 with a loss of -0.03% for the day. The stock had closed at $39.54 on the previous day. The total traded volume was 1,270,890 shares.

Spirit Airlines, Inc. is an airline company. The Companys all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Companys route network includes approximately 151 markets served by 56 airports throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, the Bahamas, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.

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