Spirit Airlines Stock Forecast, Price & News

Spirit Airlines' stock was trading at $20.93 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, SAVE shares have increased by 28.5% and is now trading at $26.90.
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14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Spirit Airlines in the last twelve months. There are currently 3 sell ratings, 5 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Spirit Airlines stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SAVE, but not buy additional shares or sell existing shares.
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78 employees have rated Spirit Airlines CEO Ted Christie on Glassdoor.com. Ted Christie has an approval rating of 93% among Spirit Airlines' employees. This puts Ted Christie in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Spirit Airlines is scheduled to release its next quarterly earnings announcement on Wednesday, February 3rd 2021.
View our earnings forecast for Spirit Airlines.

Spirit Airlines, Inc. (NYSE:SAVE) announced its quarterly earnings results on Wednesday, October, 28th. The company reported ($2.32) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($2.63) by $0.31. The business had revenue of $401.92 million for the quarter, compared to analysts' expectations of $384.69 million. Spirit Airlines had a negative trailing twelve-month return on equity of 20.56% and a negative net margin of 8.34%.
View Spirit Airlines' earnings history.

14 analysts have issued twelve-month price targets for Spirit Airlines' shares. Their forecasts range from $10.00 to $37.00. On average, they expect Spirit Airlines' stock price to reach $22.50 in the next year. This suggests that the stock has a possible downside of 16.4%.
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Spirit Airlines saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 18,770,000 shares, an increase of 26.2% from the December 15th total of 14,870,000 shares. Based on an average daily trading volume, of 8,740,000 shares, the days-to-cover ratio is currently 2.1 days.
View Spirit Airlines' Short Interest.

Some companies that are related to Spirit Airlines include American Airlines Group (AAL), Azul (AZUL), China Southern Airlines (ZNH), Alaska Air Group (ALK), China Eastern Airlines (CEA), Deutsche Lufthansa (DLAKY), Air Canada (ACDVF), JetBlue Airways (JBLU), International Consolidated Airlines Group (ICAGY), easyJet (EJTTF), EHang (EH), Cathay Pacific Airways (CPCAY), Copa (CPA), Allegiant Travel (ALGT) and Air France-KLM (AFLYY).
View all of SAVE's competitors.

Spirit Airlines trades on the New York Stock Exchange (NYSE) under the ticker symbol "SAVE."

Spirit Airlines' stock is owned by a variety of retail and institutional investors. Top institutional investors include Diversified Trust Co (0.02%), XR Securities LLC (0.01%), Unison Advisors LLC (0.01%), International Assets Investment Management LLC (0.00%), Strs Ohio (0.00%) and Johnson Midwest Financial LLC (0.00%). Company insiders that own Spirit Airlines stock include Brian J Mcmenamy, Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Laurie Villa, Robert D Johnson, Rocky Wiggins and Thomas C Canfield.
View institutional ownership trends for Spirit Airlines.

SAVE stock was purchased by a variety of institutional investors in the last quarter, including Diversified Trust Co, XR Securities LLC, Unison Advisors LLC, International Assets Investment Management LLC, Strs Ohio, and Johnson Midwest Financial LLC. Company insiders that have bought Spirit Airlines stock in the last two years include Christine P Richards, Edward M Christie III, H Mcintyre Gardner, Rocky Wiggins, and Thomas C Canfield.
View insider buying and selling activity for Spirit Airlines or or view top insider-buying stocks.

Shares of SAVE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of SAVE stock can currently be purchased for approximately $26.90.

Spirit Airlines has a market capitalization of $2.63 billion and generates $3.83 billion in revenue each year. The company earns $335.26 million in net income (profit) each year or $5.09 on an earnings per share basis. Spirit Airlines employs 8,938 workers across the globe.

The official website for Spirit Airlines is www.spirit.com.

Spirit Airlines' mailing address is 2800 EXECUTIVE WAY, MIRAMAR FL, 33025. The company can be reached via phone at 954 447 7920 or via email at [email protected]