News coverage about Spirit Airlines (NASDAQ:SAVE) has been trending positive recently, Alpha One Sentiment reports. Alpha One, a subsidiary of Accern, scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Spirit Airlines earned a news impact score of 0.33 on Alpha One’s scale. Alpha One also assigned media headlines about the transportation company an impact score of 91 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near term.

Here are some of the media headlines that may have effected Alpha One’s analysis:

Spirit Airlines (NASDAQ:SAVE) traded down 0.07% during trading on Friday, hitting $58.46. The stock had a trading volume of 1,305,099 shares. Spirit Airlines has a 12 month low of $37.17 and a 12 month high of $60.40. The company’s 50 day moving average is $52.20 and its 200-day moving average is $52.61. The company has a market cap of $4.05 billion, a PE ratio of 15.55 and a beta of 0.78.



Spirit Airlines (NASDAQ:SAVE) last posted its earnings results on Tuesday, February 7th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.03. The company earned $578.40 million during the quarter, compared to analysts’ expectations of $578.35 million. Spirit Airlines had a return on equity of 22.22% and a net margin of 11.41%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 earnings per share. On average, equities research analysts predict that Spirit Airlines will post $3.94 earnings per share for the current year.

Several brokerages have recently issued reports on SAVE. Imperial Capital upped their price objective on Spirit Airlines from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Thursday. Cowen and Company cut Spirit Airlines from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $53.00 to $58.00 in a report on Wednesday, January 4th. Zacks Investment Research raised Spirit Airlines from a “hold” rating to a “buy” rating and set a $65.00 price objective on the stock in a report on Thursday, January 12th. Finally, Deutsche Bank AG upped their price objective on Spirit Airlines from $44.00 to $46.00 and gave the stock a “buy” rating in a report on Friday, April 14th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the company’s stock. Spirit Airlines currently has a consensus rating of “Buy” and an average price target of $59.06.

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About Spirit Airlines

Spirit Airlines, Inc is an airline company. The Company provides air transportation for passengers. As of December 31, 2016, its all-Airbus Fit Fleet operated over 420 daily flights to 59 destinations in the United States, Caribbean and Latin America. As of December 31, 2016, it had a fleet of 95 Airbus single-aisle aircraft, which are referred to as A320 family aircraft and include the A319, A320 and A321 models, which have common design and equipment but differ most notably in fuselage length, service range and seat capacity.

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