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.

Investment analysts gave a few price targets for SAVE. The maximum price target given was 75, implying a possible profit of 53.53 percent. The most pessimistic analyst gave a price target of 56, which equates to a potential downside of 14.64 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -0.89 percent. The average change in earnings estimates over the last 90 days is 3.82 percent. Meanwhile, fiscal year estimates have been revised upwards by 0.12 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 4.13 percent.

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 revised their estimates downwards. Also over the last month, 4 analysts increased their estimates for the FY earnings, compared to 3 analysts that revised their FY estimates downwards.

The growth rate of SAVE's earnings is estimated by analysts to be 24.59 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. 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 below the high by 19.12 percent. SAVE has a P/E 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 stock has a market capitalization of $3.38 billion. SAVE will post this quarters earnings in days, on 0000-00-00.