Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Spirit Airlines (SAVE) Share Price
Press coverage about Spirit Airlines (NASDAQ:SAVE) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Spirit Airlines earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 45.1191873850198 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Spirit Airlines, Inc. (SAVE) Sees New 52-Week Low – Modern Readers (modernreaders.com)
- Airbus to deliver first US-built A320 to Spirit Airlines this week (finance.yahoo.com)
- Spirit Airlines Pilot Strike Vote: Less Than Meets the Eye (finance.yahoo.com)
- Airline Stock Roundup: Expansion Updates from Delta, American Airlines, Spain Terror Attacks & More (finance.yahoo.com)
- Spirit Airlines, Inc. (SAVE) Given Average Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several equities research analysts have recently weighed in on the stock. Morgan Stanley decreased their price objective on shares of Spirit Airlines from $54.00 to $46.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Zacks Investment Research cut shares of Spirit Airlines from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 16th. Barclays PLC decreased their price objective on shares of Spirit Airlines from $67.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, August 14th. TheStreet cut shares of Spirit Airlines from a “b-” rating to a “c+” rating in a research report on Monday, August 7th. Finally, J P Morgan Chase & Co upgraded shares of Spirit Airlines from a “neutral” rating to an “overweight” rating and decreased their price objective for the stock from $56.00 to $45.00 in a research report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $52.71.
Spirit Airlines (SAVE) opened at 34.75 on Thursday. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of 10.07 and a beta of 0.57. The firm has a 50 day moving average of $44.13 and a 200-day moving average of $51.20. Spirit Airlines has a 1-year low of $34.56 and a 1-year high of $60.40.
Spirit Airlines (NASDAQ:SAVE) last posted its earnings results on Thursday, July 27th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.03. Spirit Airlines had a return on equity of 17.96% and a net margin of 9.62%. The company had revenue of $701.68 million for the quarter, compared to analyst estimates of $702.29 million. During the same quarter in the previous year, the firm earned $1.11 earnings per share. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts anticipate that Spirit Airlines will post $3.61 earnings per share for the current fiscal year.
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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.
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