Media stories about Spirit Airlines (NASDAQ:SAVE) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive press 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 media sentiment score of 0.08 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 46.8040496598894 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the headlines that may have impacted Accern Sentiment’s scoring:

Several brokerages recently issued reports on SAVE. Deutsche Bank AG cut their price objective on Spirit Airlines from $71.00 to $69.00 and set a “buy” rating for the company in a research report on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and set a $60.00 price objective (down from $61.00) on shares of Spirit Airlines in a research report on Thursday, July 13th. Cowen and Company restated a “market perform” rating and set a $59.00 price objective on shares of Spirit Airlines in a research report on Tuesday, July 18th. BidaskClub downgraded Spirit Airlines from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Bank of America Corporation downgraded Spirit Airlines from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $68.00 to $44.00 in a research report on Friday, July 28th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company. Spirit Airlines presently has a consensus rating of “Hold” and an average price target of $41.00.

Shares of Spirit Airlines (NASDAQ SAVE) traded up $0.61 on Friday, reaching $36.13. The company’s stock had a trading volume of 1,150,000 shares, compared to its average volume of 2,128,136. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.88 and a quick ratio of 1.88. The firm has a market cap of $2,506.45, a P/E ratio of 10.75, a PEG ratio of 1.47 and a beta of 0.71. Spirit Airlines has a 52 week low of $30.32 and a 52 week high of $60.40.

Spirit Airlines (NASDAQ:SAVE) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The company had revenue of $687.20 million during the quarter, compared to the consensus estimate of $686.13 million. Spirit Airlines had a return on equity of 15.86% and a net margin of 8.55%. Spirit Airlines’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.24 EPS. research analysts anticipate that Spirit Airlines will post 3.08 earnings per share for the current year.

Spirit Airlines declared that its Board of Directors has authorized a stock buyback plan on Thursday, October 26th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

In related news, Director H. Mcintyre Gardner acquired 5,000 shares of the stock in a transaction dated Friday, September 15th. The stock was bought at an average cost of $33.78 per share, with a total value of $168,900.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

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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.

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

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