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Imperial Capital announced Spirit Airlines (NASDAQ:SAVE), bumping up its stock price target to $51.00 today

Just yesterday Spirit Airlines (NASDAQ:SAVE) traded -0.17% lower at $41.88. Spirit Airlines’s 50-day moving average is $39.58 and its 200-day moving average is $43.44. The last closing price is down -3.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,308,896 shares of SAVE traded hands, up from an average trading volume of 1,247,140

In a report released on Thursday September 29, 2016 Imperial Capital increased the stock price target of Spirit Airlines (NASDAQ:SAVE) to $51.00 reporting a possible upside of 0.22%.

Recent Performance Chart

Spirit Airlines (NASDAQ:SAVE)

Spirit Airlines has price-earnings ratio of 9.77 with a one year low of $32.73 and a one year high of $53.53 and has a total market value of $0.

A total of 15 equity analysts have released a ratings update on SAVE. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $55.33.

Brief Synopsis About Spirit Airlines (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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