Breaking Finance News

JP Morgan downgraded Spirit Airlines Inc (NDAQ:SAVE) from Overweight to Neutral in a statement released earlier today.

JP Morgan has downgraded Spirit Airlines Inc (NDAQ:SAVE) from Overweight to Neutral in a statement released on 09/15/2017.

On Monday August 14, 2017, Barclays Capital released a statement for Spirit Airlines Inc (NDAQ:SAVE) reduced the target price from $67.00 to $50.00 that suggested an upside of 0.31%.

Boasting a price of $33.81, Spirit Airlines Inc (NDAQ:SAVE) traded -2.64% lower on the day. With the last close down -31.08% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. SAVE has recorded a 50-day moving average of $36.48 and a 200-day moving average of $49.20. 999,148 shares of SAVE traded, down from an avg. volume of 1,762,880

Performance Chart

Spirit Airlines Inc (NDAQ:SAVE)

Spirit Airlines Inc has a 52 week low of $30.32 and a 52 week high of $60.40 with a PE ratio of 9.83 Spirit Airlines Inc’s market capitalization is presently $0.

A total of 15 equity analysts have released a ratings update on SAVE. 0 brokers rating the stock a strong buy, 0 firms rating the stock a buy, 0 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $55.33.

General Information About Spirit Airlines Inc (NDAQ:SAVE)

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. As of December 31, 2016, its fleet consisted of 29 A319s, 45 A320ceos, five A320neos and 16 A321ceos. Its Bare Fares offerings are unbundled base fares that remove components included in the price of an airline ticket. It also offers Frill Control, which allows customers to pay only for the options they choose, such as bags, advance seat assignments and refreshments. As of December 31, 2016, its route network included 200 markets served by 59 airports.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.