Spirit Airlines (NASDAQ:SAVE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 10 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 2 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Spirit Airlines (NASDAQ:SAVE). Credit Suisse has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $44 per share from a prior target of $46. The rating by the firm was issued on April 26, 2016.
Spirit Airlines (NASDAQ:SAVE): According to 11 Analysts, The short term target price has been estimated at $ 56.55.The target price could deviate by a maximum of $5.37 from the forecast price. In the near term, the target price could hit a high of $68 and a low of $ 50.
Spirit Airlines (NASDAQ:SAVE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.64% or 0.28 points. After the session commenced at $44.24, the stock reached the higher end at $44.79 while it hit a low of $43.14. With the volume soaring to 852,725 shares, the last trade was called at $43.57. The company has a 52-week high of $66.18. The company has a market cap of $3,103 million and there are 71,207,390 shares in outstanding. The 52-week low of the share price is $32.73.
Shares of Spirit Airlines, Inc. rose by 1.89% in the last five trading days and 2.95% for the last 4 weeks. Spirit Airlines, Inc. has dropped 8.37% during the last 3-month period . Year-to-Date the stock performance stands at 9.34%.
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.