Somewhat Positive Media Coverage Somewhat Unlikely to Impact Spirit Airlines (SAVE) Share Price

Headlines about Spirit Airlines (NASDAQ:SAVE) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Spirit Airlines earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 45.9170842390743 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Here are some of the media stories that may have effected Accern Sentiment’s analysis:

Several equities research analysts have weighed in on the company. J P Morgan Chase & Co cut Spirit Airlines from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $45.00 to $37.00 in a research note on Friday, September 15th. Deutsche Bank AG decreased their price target on Spirit Airlines from $54.00 to $42.00 and set a “buy” rating for the company in a report on Wednesday, September 6th. ValuEngine downgraded Spirit Airlines from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “equal weight” rating and set a $45.00 price target (down from $46.00) on shares of Spirit Airlines in a report on Friday, September 1st. Finally, Cowen and Company reiterated a “hold” rating and set a $45.00 price target on shares of Spirit Airlines in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.59.

Shares of Spirit Airlines (NASDAQ SAVE) opened at 33.71 on Friday. The company has a market cap of $2.34 billion, a PE ratio of 9.77 and a beta of 0.62. The company has a 50 day moving average of $35.93 and a 200-day moving average of $48.73. Spirit Airlines has a 12-month low of $30.32 and a 12-month high of $60.40.

Spirit Airlines (NASDAQ:SAVE) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.11 by $0.03. Spirit Airlines had a net margin of 9.62% and a return on equity of 17.96%. The business had revenue of $701.68 million for the quarter, compared to the consensus estimate of $702.29 million. During the same period last year, the firm earned $1.11 earnings per share. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Equities research analysts anticipate that Spirit Airlines will post $3.08 earnings per share for the current year.

In other Spirit Airlines news, Director H. Mcintyre Gardner purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were acquired at an average cost of $33.78 per share, for a total transaction of $168,900.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by company insiders.

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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.

Insider Buying and Selling by Quarter for Spirit Airlines (NASDAQ:SAVE)

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