Spirit Airlines (SAVE) Receives Price Target

Spirit Airlines (SAVE) : 8 Wall Street analysts covering Spirit Airlines (SAVE) believe that the average level the stock could reach for the short term is $55. The maximum price target given is $64 and the minimum target for short term is around $47, hence the standard deviation is calculated at $5.01.

Spirit Airlines (SAVE) has an average broker rating of 1.29, which is interpreted as a Strong Buy, as rated by 7 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Citigroup maintains their rating on the shares of Spirit Airlines (NASDAQ:SAVE). The current rating of the shares is Buy. Equity Analysts at the Firm lowers the price target to $51 per share from $56 per share. The rating by the firm was issued on August 8, 2016.

Spirit Airlines (NASDAQ:SAVE): The stock opened at $40.06 on Thursday but the bulls could not build on the opening and the stock topped out at $40.06 for the day. The stock traded down to $38.75 during the day, due to lack of any buying support eventually closed down at $39.53 with a loss of -1.15% for the day. The stock had closed at $39.99 on the previous day. The total traded volume was 1,596,245 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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