Equities research analysts at Susquehanna Bancshares began coverage on shares of Spirit Airlines (NASDAQ:SAVE) in a research report issued to clients and investors on Tuesday, The Fly reports. The firm set a “neutral” rating and a $41.00 price target on the transportation company’s stock. Susquehanna Bancshares’ price target would suggest a potential upside of 5.62% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup began coverage on shares of Spirit Airlines in a research note on Thursday, October 31st. They issued a “buy” rating and a $46.00 price objective on the stock. Vertical Research began coverage on shares of Spirit Airlines in a research note on Thursday, August 22nd. They issued a “hold” rating on the stock. Stifel Nicolaus set a $55.00 price objective on shares of Spirit Airlines and gave the stock a “hold” rating in a research note on Friday, October 11th. Morgan Stanley lowered their price objective on shares of Spirit Airlines from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 10th. Finally, Raymond James downgraded shares of Spirit Airlines from a “strong-buy” rating to a “market perform” rating and lowered their price objective for the stock from $65.00 to $60.00 in a research note on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $50.63.

SAVE stock traded up $0.91 during midday trading on Tuesday, hitting $38.82. 799,006 shares of the company traded hands, compared to its average volume of 1,144,781. Spirit Airlines has a twelve month low of $32.97 and a twelve month high of $65.35. The business has a 50 day simple moving average of $36.89 and a 200-day simple moving average of $42.89.

Spirit Airlines (NASDAQ:SAVE) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.23 by $0.09. The company had revenue of $991.97 million for the quarter, compared to analyst estimates of $987.68 million. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business earned $1.47 EPS.

Hedge funds have recently modified their holdings of the stock. Comerica Bank lifted its position in Spirit Airlines by 8.8% in the second quarter. Comerica Bank now owns 70,618 shares of the transportation company’s stock worth $3,577,000 after purchasing an additional 5,707 shares during the period. Shaker Investments LLC OH lifted its holdings in shares of Spirit Airlines by 26.8% during the third quarter. Shaker Investments LLC OH now owns 7,150 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 1,510 shares during the period. Anchor Bolt Capital LP lifted its holdings in shares of Spirit Airlines by 81.0% during the second quarter. Anchor Bolt Capital LP now owns 364,246 shares of the transportation company’s stock valued at $17,385,000 after acquiring an additional 162,950 shares during the period. Hillcrest Asset Management LLC lifted its holdings in shares of Spirit Airlines by 0.6% during the second quarter. Hillcrest Asset Management LLC now owns 177,150 shares of the transportation company’s stock valued at $8,455,000 after acquiring an additional 1,070 shares during the period. Finally, Oldfield Partners LLP lifted its holdings in shares of Spirit Airlines by 42.2% during the third quarter. Oldfield Partners LLP now owns 50,449 shares of the transportation company’s stock valued at $1,831,000 after acquiring an additional 14,969 shares during the period.

Spirit Airlines Company Profile

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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Analyst Recommendations for Spirit Airlines (NASDAQ:SAVE)

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