Spirit Airlines (SAVE) Getting Somewhat Favorable Media Coverage, Accern Reports

Press coverage about Spirit Airlines (NASDAQ:SAVE) has trended somewhat positive on Tuesday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Spirit Airlines earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 47.626223033782 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Spirit Airlines Incorporated (SAVE) Receives Average Recommendation of “Hold” from Brokerages (americanbankingnews.com) New Research: Key Drivers of Growth for Columbia Banking System, Helmerich & Payne, Spirit Airlines, Keane Group, Sprouts Farmers Market, and First Financial Factors of Influence, Major Initiatives and Sustained Production (finance.yahoo.com) Spirit Airlines Breaks Above 200-Day Moving Average – Bullish for SAVE (nasdaq.com) Spirit Airlines coming to Asheville Regional Airport (mountainx.com) Going Global in Orlando! Spirit Airlines Announces Major International Expansion (finance.yahoo.com)

Several analysts recently weighed in on SAVE shares. Imperial Capital restated an “outperform” rating and issued a $48.00 price objective (down from $52.00) on shares of Spirit Airlines in a report on Friday, April 27th. Deutsche Bank boosted their target price on shares of Spirit Airlines from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, April 11th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of Spirit Airlines in a report on Monday, May 21st. BidaskClub downgraded shares of Spirit Airlines from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Finally, Bank of America set a $62.00 target price on shares of Spirit Airlines and gave the stock a “buy” rating in a report on Wednesday, April 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.17.

Shares of SAVE stock opened at $39.42 on Tuesday. Spirit Airlines has a fifty-two week low of $30.32 and a fifty-two week high of $54.49. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings results on Thursday, April 26th. The transportation company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.01. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. The business had revenue of $704.10 million for the quarter, compared to analyst estimates of $704.39 million. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s revenue was up 19.3% on a year-over-year basis. sell-side analysts expect that Spirit Airlines will post 3.08 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for Spirit Airlines (NASDAQ:SAVE)

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