Media coverage about Spirit Airlines (NASDAQ:SAVE) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Spirit Airlines earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned news stories about the transportation company an impact score of 48.3925366963319 out of 100, indicating that recent news 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 effected Accern’s scoring:

SAVE has been the topic of a number of recent analyst reports. ValuEngine upgraded Spirit Airlines from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Stephens initiated coverage on Spirit Airlines in a report on Wednesday, November 29th. They set an “overweight” rating and a $50.00 price target on the stock. Zacks Investment Research upgraded Spirit Airlines from a “sell” rating to a “hold” rating in a report on Friday, November 10th. J P Morgan Chase & Co lowered Spirit Airlines from a “neutral” rating to an “underweight” rating and set a $39.00 price target on the stock. in a report on Wednesday, November 1st. Finally, Buckingham Research raised their target price on Spirit Airlines from $31.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $41.75.

Spirit Airlines (SAVE) traded up $0.35 during trading on Friday, reaching $43.19. The company had a trading volume of 1,256,546 shares, compared to its average volume of 1,473,824. Spirit Airlines has a twelve month low of $30.32 and a twelve month high of $60.28. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The stock has a market capitalization of $2,971.95, a PE ratio of 12.75, a price-to-earnings-growth ratio of 1.74 and a beta of 0.75.

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

Spirit Airlines announced that its Board of Directors has initiated a stock buyback program on Thursday, October 26th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the transportation company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

In other news, VP John A. Bendoraitis sold 2,340 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $42.92, for a total value of $100,432.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Spirit Airlines (SAVE) Getting Somewhat Positive News Coverage, Study Shows” was originally published by Watch List News and is the sole property of of Watch List News. If you are reading this news story on another publication, it was stolen and reposted in violation of international trademark and copyright legislation. The correct version of this news story can be read at

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)

Receive News & Ratings for Spirit Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Airlines and related companies with's FREE daily email newsletter.