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Spirit Airlines and Wall Street Analysts’ Recommendations

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Jan. 1 2018, Updated 10:31 a.m. ET

Analyst ratings

As of December 22, 2017, five of the 15 analysts (or 33.3%) tracking Spirit Airlines (SAVE) stock have “strong buy” recommendations. One analyst (or 6.7%) has a “buy” recommendation, and eight (or 53.3%) have “hold” ratings for the stock. The remaining one analyst (or 6.7%) has given the stock a “sell” rating. None of the analysts had a “strong sell” rating for the stock.

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Analyst upgrades

There were no analyst upgrades or downgrades for Spirit Airlines after its traffic release on December 13, 2017. However, a few analysts raised their target prices after Spirit’s 3Q17 earnings results.

JPMorgan raised its target price to $39 from $37 and cut its rating to “underweight” from “neutral.” Citigroup raised its target price to $50 from $48. Cowen raised its target price to $40 from $37. Imperial Capital raised its target price to $36 from $32.

Target price

Spirit Airlines has a 12-month consensus target price of $43.30, which is higher than the target price of $39.10 after its 3Q17 earnings report. Its highest target price is $58, and its lowest target price is $36. At its current target price, the stock has a return potential of -4.3% from its closing price of $45.20 on December 22, 2017.

Investors can gain exposure to Spirit Airlines by investing in the SPDR S&P Transportation ETF (XTN), which holds 2.6% of its portfolio in SAVE. It also holds 2.9% in Allegiant Travel (ALGT), 2.8% in American Airlines (AAL), and 2.7% in Southwest Airlines (LUV).

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