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 highest price target was 75, which equates to a potential upside 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 advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
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. Meanwhile, fiscal year estimates have been revised upwards by 0.12 percent, compared to last month. 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 have revised their quarterly estimates upwards in the past 30 days, while 2 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, compared to 3 analysts that revised their FY estimates downwards.
SAVE has an estimated earnings growth rate of 24.59 percent as forecasted by analysts. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, 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.
In the trailing 52-weeks, SAVE hit 60.40 at the highest peak, while it's lowest trading point was 37.17. Today's price is 31.42 percent above the 52-week low, and below the high by 19.12 percent. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.