Analyst Ratings for Spirit Airlines Inc. (SAVE)Updated: 2017-07-26
An average rating of Overweight has been given to Spirit Airlines Inc. (NASDAQ:SAVE) by analysts covering the stock. SAVE had previously received a consensus rating of Overweight a month ago.
Of the 14 analysts covering the stock, 8 gave it a buy rating, 1 issued an overweight rating, 5 gave a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
A number of analysts gave price targets for SAVE. The maximum price target given was 75, implying a possible profit of 53.53 percent. The most pessimistic price target was 56, which equates to a potential downside of 14.64 percent. Many analysts are not unbiased in their coverage of stocks, including price targets and stock ratings, so care must be taken in interpreting numbers released by them.
Analysts have revised their earnings estimates downwards for this quarter, by about -0.89 percent on average, compared to last month. The average change in earnings estimates over the last 90 days is 3.82 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 0.12 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of 4.13 percent in FY estimates.
Another thing investors often look at is the level of agreement among analysts' revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Also over the last month, 4 analysts increased their estimates for the FY earnings, while 3 analysts decreased their estimates.
The growth rate of SAVE's earnings is estimated by analysts to be 24.59 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. A lower PEG ratio is favorable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SAVE is 0.59.
SAVE has traded between a high of 60.40 and a low of 37.17 over the past year. Currently the stock is 31.42 percent higher than its low, and 19.12 percent below the high. SAVE has a price/earnings ratio of 14.54. Investors typically compare the P/E ratio to a company's peers in the industry. The SAVE value stock report compares SAVE to some of its peers using value stock charts. The market cap of SAVE is $3.38 billion. SAVE's next earnings release will be on 0000-00-00, which is days away.