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.
SAVE was given price targets by several analysts. The most optimistic price target was 75, implying potential capital gains of 53.53 percent. The most pessimistic analyst gave a price target of 56, implying a possible loss 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. That number becomes 3.82 percent if we expand the time horizon to include the past 3 months instead of just one. 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.
People are often interested in whether analysts were united in the direction of their revisions. 6 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. During this time, 4 analysts made positive revisions in their estimates for this fiscal year's earnings, while 3 analysts decreased their estimates.
The growth rate of SAVE's earnings is estimated by analysts to be 24.59 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because that is often interpreted as the company being fairly priced relative to its growth rate. 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 a 52-week high of 60.40 and a 52-week low of 37.17. Today's price is 31.42 percent above the 52-week low, and 19.12 percent lower than its 52-week high. 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.