Media stories about Spirit Airlines (NASDAQ:SAVE) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Spirit Airlines earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the transportation company an impact score of 45.1851407247861 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- TAL Education Group, Spirit Airlines, Walmart Stores, Deere … – Nasdaq (nasdaq.com)
- Spirit Airlines: The Smartest Airline Stock To Buy Now – Seeking Alpha (seekingalpha.com)
- Let’s Put These Technical Indicators To Work: Spirit Airlines, Inc. (SAVE), Green Dot Corporation (GDOT) – AllStockNews (allstocknews.com)
- Bear of the Day: Spirit Airlines (SAVE) – Nasdaq (nasdaq.com)
Several equities analysts recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and issued a $75.00 price target on shares of Spirit Airlines in a report on Saturday, April 22nd. Citigroup Inc. restated a “neutral” rating and set a $60.00 target price (up previously from $58.00) on shares of Spirit Airlines in a report on Saturday, April 22nd. Imperial Capital restated an “outperform” rating and set a $70.00 target price (up previously from $68.00) on shares of Spirit Airlines in a report on Thursday, April 20th. Wolfe Research upgraded Spirit Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, June 2nd. Finally, Cowen and Company restated a “market perform” rating and set a $59.00 target price on shares of Spirit Airlines in a report on Tuesday, July 18th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $52.71.
Shares of Spirit Airlines (SAVE) opened at 36.81 on Friday. Spirit Airlines has a 52-week low of $36.51 and a 52-week high of $60.40. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 10.67 and a beta of 0.57. The stock’s 50 day moving average price is $45.70 and its 200-day moving average price is $51.73.
Spirit Airlines (NASDAQ:SAVE) last announced its earnings results on Thursday, July 27th. The transportation company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.11 by $0.03. Spirit Airlines had a return on equity of 17.96% and a net margin of 9.62%. The company had revenue of $701.68 million for the quarter, compared to analyst estimates of $702.29 million. During the same quarter in the prior year, the company earned $1.11 EPS. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. On average, analysts forecast that Spirit Airlines will post $3.61 EPS for the current year.
Spirit Airlines Company Profile
Spirit Airlines, Inc is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity.
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