Analyst Revises Spirit Airlines, Inc. (NASDAQ:SAVE) Stock Target


Spirit Airlines, Inc. (NASDAQ:SAVE) mean price target has been set at $55.330 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $1.200 in the near-term quarter and $4.070 for the ongoing fiscal. The market cap of Spirit Airlines, Inc. was recorded at $3.03B after the stock closed at $42.589 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Spirit Airlines, Inc. (NASDAQ:SAVE) has a P/E ratio of 9.895. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Spirit Airlines, Inc. (NASDAQ:SAVE) PEG ratio sits at 2.580. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Spirit Airlines, Inc. visibly illustrates that the 50-day MA of Spirit Airlines, Inc. is $42.728, and stock is trading -0.139 or -0.325% distant from $42.728. The 200-day MA is $44.148, and this price is $-1.559 or -3.531% off from current level. Spirit Airlines, Inc. (NASDAQ:SAVE) 52-week high is $66.180 and the 52-week low is $32.730. This represents that if the stock moves $-23.591 points up on the chart to make a 52-week high. But, if it declines $+30.122%, then the shares price can hit a new 52-week low.

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