Short Term Rating 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 5, which recommends a Strong 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) : Currently there are 10 street experts covering Spirit Airlines (SAVE) stock. The most bullish and bearish price target for the stock is $64 and $50 respectively for the short term. The average price target of all the analysts comes to $56.5. The estimated standard deviation from the target is $4.62.

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


Spirit Airlines (NASDAQ:SAVE): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.51 and $47.50 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $49.08. The buying momentum continued till the end and the stock did not give up its gains. It closed at $48.93, notching a gain of 4.20% for the day. The total traded volume was 1,521,650 . The stock had closed at $46.96 on the previous day.

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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