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A statement released earlier today by Vetr Inc. about Spirit Airlines Incorporated (NASDAQ:SAVE) ups the target price to $48.00

Indicating a possible upside of 0.14%, Vetr Inc. increased the stock price target of Spirit Airlines Incorporated (NASDAQ:SAVE) to $48.00

Previously on 10/03/2016, Vetr Inc. reported about Spirit Airlines Incorporated (NASDAQ:SAVE) raised the target price from $0.00 to $48.00. At the time, this indicated a possible upside of 0.13%.

Yesterday Spirit Airlines Incorporated (NASDAQ:SAVE) traded -1.74% lower at $42.24. The company’s 50-day moving average is $40.12 and its 200-day moving average is $43.22. The last stock close price is down -2.26% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 818,274 shares of the stock were exchanged, down from an average trading volume of 1,273,700

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Spirit Airlines Incorporated (NASDAQ:SAVE)

Spirit Airlines Incorporated has a price-earnings ratio of 9.86 with a one year low of $32.73 and a one year high of $53.53 SAVE’s total market value is presently $0.

A total of 15 brokers have issued a report on SAVE. zero firms rating the stock a strong buy, zero analysts rating the company a buy, 0 brokers rating the stock a hold, zero brokerages rating the company a underperform, and finally 0 firms rating the stock a sell with a average stock price target of $55.33.

Brief Synopsis On Spirit Airlines Incorporated (NASDAQ:SAVE)

Spirit Airlines, Inc. is an airline company. The Company's all-Airbus fleet operates more than 385 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low, unbundled base fares that remove components traditionally included in the price of an airline ticket. The Company offers a range of optional services, allowing customers to save by paying only for the options they choose such as bags, advance seat assignments and refreshments. The Company's route network includes approximately 151 markets throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.

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