Impact of Brokerage Rating on Spirit Airlines, Inc.(SAVE)

Many Spirit Airlines, Inc.(SAVE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Cowen on Feb 8, 2017 to Market Perform, Raises Price Target to $ 59 from a previous price target of $58 .Company shares were Reiterated by Imperial Capital on Nov 22, 2016 to Outperform, Raises Price Target to $ 68 from a previous price target of $58 .Spirit Airlines Incorporated was Downgraded by Citigroup to Neutral on Nov 18, 2016.

Company has reported several Insider transactions to the SEC, on Dec 16, 2016, Edmundo Miranda (Vice President, Controller) sold 4,600 shares at 59.42 per share price.On Dec 9, 2016, Edward M Iii Christie (SrVP & Chief Financial Officer) sold 8,000 shares at 58.40 per share price.On Dec 9, 2016, Laurie Villa (VP – Chief HR Officer) sold 271 shares at 58.55 per share price.

Spirit Airlines Incorporated Last issued its quarterly earnings results on Feb 7, 2017. The company reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.03. Analyst had a consensus of $0.74. The company had revenue of $578.40 million for the quarter, compared to analysts expectations of $578.35 million. The companys revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.02 EPS.

Spirit Airlines, Inc. (NASDAQ:SAVE) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.8 by 10 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold.

Spirit Airlines, Inc. (NASDAQ:SAVE): The mean short term price target for Spirit Airlines, Inc. (NASDAQ:SAVE) has been established at $67.4 per share. The higher price target estimate is at $82 and the lower price target estimate is expected at $57 according to 10 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $7.35

Spirit Airlines, Inc. (NASDAQ:SAVE) witnessed a decline in the market cap on Tuesday as its shares dropped 2.35% or 1.28 points. After the session commenced at $54.16, the stock reached the higher end at $54.16 while it hit a low of $52.76. With the volume soaring to 1,187,041 shares, the last trade was called at $53.08. The company has a 52-week high of $60.4. The company has a market cap of $3,680 million and there are 69,322,496 shares in outstanding. The 52-week low of the share price is $37.17.

Spirit Airlines Inc. operates an airline based in Fort Lauderdale providing travel opportunity principally to and from South Florida, the Caribbean and Latin America. Spirit Airlines Inc. is based in Miramar, Florida.

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