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 most optimistic analyst gave a price target of 75, which equates to a potential upside of 53.53 percent. The minimum price target given was 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. This can be compared with the average change in earnings estimates over the past 3 months, which is 3.82 percent. Over the past 30 days, FY earnings estimates have also changed upwards by 0.12 percent. 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, which can be compared to the 2 analysts that decreased their estimates. Over the same time period, 4 analysts revised their FY earnings estimates upwards, while 3 analysts made negative revisions to their fiscal year's estimates.

Analysts estimate earnings of SAVE to grow at a rate of 24.59 percent. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. The PEG ratio of SAVE is 0.59.

SAVE has a 52-week high of 60.40 and a 52-week low of 37.17. The current market price is above the trailing year's low by 31.42 percent, 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 market cap of SAVE is $3.38 billion. SAVE will post this quarters earnings in days, on 0000-00-00.