Spirit Airlines (NASDAQ:SAVE) was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating in a report released on Wednesday, TheStreetRatingsTable reports.

SAVE has been the subject of several other reports. BidaskClub upgraded Spirit Airlines from a “sell” rating to a “hold” rating in a research report on Thursday, February 6th. Credit Suisse Group boosted their target price on Spirit Airlines from $43.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, February 6th. Citigroup boosted their target price on Spirit Airlines from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Vertical Research upgraded Spirit Airlines from a “hold” rating to a “buy” rating in a research report on Thursday, January 9th. Finally, Cowen upped their price objective on Spirit Airlines from $50.00 to $56.00 and gave the stock an “outperform” rating in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $52.07.

Spirit Airlines stock traded down $0.70 during midday trading on Wednesday, hitting $43.88. 730,962 shares of the company’s stock were exchanged, compared to its average volume of 1,333,902. Spirit Airlines has a 52-week low of $32.97 and a 52-week high of $63.24. The stock has a 50-day moving average price of $41.66 and a two-hundred day moving average price of $39.09.

Spirit Airlines (NASDAQ:SAVE) last posted its earnings results on Wednesday, February 5th. The transportation company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.05. The business had revenue of $969.82 million for the quarter, compared to analysts’ expectations of $967.38 million. During the same quarter in the previous year, the firm earned $1.38 earnings per share. Spirit Airlines’s quarterly revenue was up 12.4% compared to the same quarter last year.

In other news, Director Christine P. Richards acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, February 11th. The stock was purchased at an average cost of $43.24 per share, for a total transaction of $216,200.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Brian J. Mcmenamy sold 6,456 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $39.35, for a total value of $254,043.60. The disclosure for this sale can be found here. 0.33% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. Shaker Investments LLC OH boosted its holdings in shares of Spirit Airlines by 26.8% in the 3rd quarter. Shaker Investments LLC OH now owns 7,150 shares of the transportation company’s stock worth $260,000 after purchasing an additional 1,510 shares in the last quarter. Sciencast Management LP lifted its stake in shares of Spirit Airlines by 42.7% in the 4th quarter. Sciencast Management LP now owns 25,780 shares of the transportation company’s stock valued at $1,038,000 after acquiring an additional 7,712 shares during the last quarter. Oldfield Partners LLP lifted its stake in shares of Spirit Airlines by 42.2% in the 3rd 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 last quarter. Creative Planning lifted its stake in shares of Spirit Airlines by 7.9% in the 3rd quarter. Creative Planning now owns 193,906 shares of the transportation company’s stock valued at $7,039,000 after acquiring an additional 14,150 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Spirit Airlines by 2.0% in the 2nd quarter. BlackRock Inc. now owns 4,768,550 shares of the transportation company’s stock valued at $227,603,000 after acquiring an additional 94,529 shares during the last quarter.

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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Analyst Recommendations for Spirit Airlines (NASDAQ:SAVE)

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