Key Equity Research Analysts at Imperial Capital Maintained their ‘”Outperform”’ rating for Spirit Airlines (NASDAQ:SAVE) Shares Today. Their PT is Set to $61

July 27, 2018 - By Jack Shaw

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 dived, 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.

Goldman Sachs Group Inc reported 622,523 shares or 0.01% of all its holdings. Canada Pension Plan Board owns 51,500 shares. Employees Retirement Sys Of Ohio holds 0.01% or 31,720 shares. 203,200 are held by Honeywell Inc. 9,025 were reported by Aperio Gru Limited Liability Corp. Ellington Management Grp Ltd Liability Corp owns 0.03% invested in Spirit Airlines, Inc. (NYSE:SAVE) for 11,700 shares. 250,529 are owned by Fil Ltd. Geode Capital Mngmt Limited Liability Co reported 624,375 shares or 0.01% of all its holdings. Olstein Mngmt Lp accumulated 298,500 shares. Amer Intl Group Inc has invested 0% in Spirit Airlines, Inc. (NYSE:SAVE). National Bank Of Montreal Can reported 13,871 shares. Virtu Fincl Ltd Liability Corporation, a New York-based fund reported 44,000 shares. Caxton Assocs L P accumulated 100,000 shares. Thompson Davis And Company holds 100 shares. First Pacific Ltd Llc reported 496,057 shares stake.

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

Spirit Airlines (NASDAQ:SAVE) Rating Reaffirmed

New York: In a note revealed to investors and clients on Friday morning, Imperial Capital reaffirmed their “Outperform” rating on Spirit Airlines (NASDAQ:SAVE) shares. They now have a $61 target price per share on the company. Imperial Capital’s target would suggest a potential upside of 42.36 % from the company’s stock close price.

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 maintained on Wednesday, February 7 by Cowen & Co. The rating was maintained by Citigroup on Thursday, July 12 with “Buy”. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Buy” rating given on Wednesday, February 7 by Stephens. The stock has “Buy” rating by Citigroup on Tuesday, May 29. Buckingham Research upgraded Spirit Airlines, Inc. (NYSE:SAVE) on Wednesday, July 25 to “Buy” rating. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Hold” rating given on Wednesday, April 11 by Cowen & Co. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Overweight” rating given on Monday, April 30 by JP Morgan. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Equal-Weight” rating given on Thursday, April 12 by Morgan Stanley. The stock of Spirit Airlines, Inc. (NYSE:SAVE) has “Equal-Weight” rating given on Monday, July 16 by Barclays Capital. The stock has “Outperform” rating by Macquarie Research on Wednesday, February 7.

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, Globenewswire.com published: “Spirit Airlines Reports Second Quarter 2018 Results” on July 25, 2018. More interesting news about Spirit Airlines, Inc. (NYSE:SAVE) were released by: Fool.com and their article: “The Oil Price Pullback Could Lift These 2 Airline Stocks” published on July 22, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For July 26, 2018” with publication date: July 26, 2018.

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

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