7.35 % to Target, Cowen Maintains ‘”Market Perform”’ Rating on Spirit Airlines (NASDAQ:SAVE) Shares Today

July 27, 2018 - By Richard Slagle

Spirit Airlines, Inc. (NYSE:SAVE) Logo

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.03, from 0.93 in 2017Q4. It fall, as 23 investors sold Spirit Airlines, Inc. shares while 80 reduced holdings. 38 funds opened positions while 55 raised stakes. 71.29 million shares or 3.68% less from 74.01 million shares in 2017Q4 were reported.

Teachers Retirement Sys Of The State Of Kentucky has 333,055 shares. Alliancebernstein Ltd Partnership invested in 0% or 39,640 shares. Gilder Gagnon Howe And Limited Liability Com owns 328,810 shares or 0.15% of their US portfolio. Franklin Resources has invested 0.04% in Spirit Airlines, Inc. (NYSE:SAVE). 45,985 are owned by Alexandria Limited Com. Cambridge Rech Inc holds 0.01% or 27,070 shares in its portfolio. Goldman Sachs Gru reported 622,523 shares. Susquehanna Group Limited Liability Partnership invested in 115,932 shares or 0% of the stock. Legal And General Group Incorporated Public Ltd stated it has 0% of its portfolio in Spirit Airlines, Inc. (NYSE:SAVE). Credit Suisse Ag reported 17,952 shares stake. Hong Kong-based Point72 Asia (Hong Kong) Limited has invested 0.02% in Spirit Airlines, Inc. (NYSE:SAVE). 111,421 were accumulated by Cortina Asset Mgmt Limited Liability Com. Guggenheim Limited Liability Corp accumulated 36,467 shares. 20,301 are owned by Walleye Trading Ltd. Moreover, Cubist Systematic Strategies Lc has 0.06% invested in Spirit Airlines, Inc. (NYSE:SAVE).

Since March 15, 2018, it had 0 buys, and 1 sale for $75,425 activity.

Spirit Airlines (NASDAQ:SAVE) Rating Reaffirmed

The firm has just set a TP of $46 on Spirit Airlines (NASDAQ:SAVE) shares. This is 7.35 % from the last price. In analysts note revealed on Friday, 27 July, Cowen reconfirmed their “Market Perform” rating on shares of SAVE.

Spirit Airlines, Inc. (NYSE:SAVE) Ratings Coverage

Among 12 analysts covering Spirit Airlines (NASDAQ:SAVE), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Spirit Airlines has $60 highest and $4000 lowest target. $46.36’s average target is 8.19% above currents $42.85 stock price. Spirit Airlines had 23 analyst reports since February 7, 2018 according to SRatingsIntel. The company was upgraded on Monday, April 30 by J.P. Morgan. Citigroup maintained the stock with “Buy” rating in Monday, April 30 report. The stock has “Outperform” rating by Macquarie Research on Wednesday, February 7. Cowen & Co maintained the shares of SAVE in report on Wednesday, February 7 with “Hold” rating. Imperial Capital upgraded it to “Buy” rating and $49.0 target in Wednesday, February 7 report. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Neutral” rating given on Wednesday, February 7 by Buckingham Research. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Buy” rating given on Wednesday, July 25 by Buckingham Research. The stock has “Neutral” rating by Buckingham Research on Friday, March 2. The firm has “Equal-Weight” rating by Morgan Stanley given on Wednesday, February 7. Buckingham Research maintained it with “Neutral” rating and $42 target in Wednesday, June 13 report.

The stock increased 3.48% or $1.44 during the last trading session, reaching $42.85. About 2.92 million shares traded or 108.93% up from the average. Spirit Airlines, Inc. (NASDAQ:SAVE) has declined 29.77% since July 27, 2017 and is downtrending. It has underperformed by 42.34% the S&P500.

Spirit Airlines, Inc. provides low-fare airline services. The company has market cap of $2.93 billion. As of February 7, 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. It has a 7.07 P/E ratio. As of December 31, 2016, the firm had a fleet of 95 Airbus single-aisle aircraft comprising 29 A319s, 45 A320ceos, 5 A320neos, and 16 A321ceos.

More notable recent Spirit Airlines, Inc. (NYSE:SAVE) news were published by: Bizjournals.com which released: “American changes policy, lets basic economy passengers bring a carry-on bag” on July 26, 2018, also Fool.com with their article: “Spirit Airlines Incorporated Earnings: Redemption at Last” published on July 27, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For July 25, 2018” on July 25, 2018. More interesting news about Spirit Airlines, Inc. (NYSE:SAVE) were released by: Globenewswire.com and their article: “Spirit Airlines Reports Second Quarter 2018 Results” published on July 25, 2018 as well as Fool.com‘s news article titled: “The Oil Price Pullback Could Lift These 2 Airline Stocks” with publication date: July 22, 2018.

Spirit Airlines, Inc. (NYSE:SAVE) Institutional Positions Chart

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