Spirit Airlines Receives a Rating Update from a Top Analyst


Cowen & Co. analyst Helane Becker reiterated a Hold rating on Spirit Airlines (NASDAQ: SAVE) yesterday and set a price target of $46. The company’s shares opened today at $43.17.

According to TipRanks.com, Becker is a top 25 analyst with an average return of 22.9% and a 77.1% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.

Spirit Airlines has an analyst consensus of Strong Buy, with a price target consensus of $50.60.

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Based on Spirit Airlines’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $11.25 million. In comparison, last year the company had a net profit of $78.14 million.

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Spirit Airlines, Inc. is an airline that offers affordable travel to price-conscious customers. The company’s customers start with an unbundled, stripped-down Bare Fare and get Frill Control which allows them to pay only for the options they choose like bags, seat assignments and refreshments the things other airlines bake right into their ticket prices.

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