Spirit Airlines Inc (SAVE) Stock Forecast & Predictions

Spirit Airlines Inc SAVE: $23.29

2800 Executive Way, Miramar, Florida, US. | Sector: Transportation and Warehousing | Exchange: NEW YORK STOCK EXCHANGE INC. | Web: www.spirit.com

  • Market Cap$2.52B
  • Change (52 Weeks)-9.48%
  • Low (52 Weeks)$19.52
  • Spirit Airlines Inc (SAVE) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Spirit Airlines Inc (SAVE) is based on 20 Institutional Analyst Ratings where 50.00% are on Strong Buy, 15.00% on Moderate Buy, 35.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 20 Institutional Analysts, majority recommended SAVE stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Spirit Airlines Inc.

    Spirit Airlines Inc (SAVE) Stock Price Prediction By Analysts


    HighLowAverage
    $45.15$25.25$31.99
    $31.9937.36% Upside
    Updated: 2022-01-13 00:00:00

    The Average Price target for SAVE set by the institutional analysts is $31.99 where High Estimate is $45.15, Median $31.62 and Low $25.25.

    The average price target for SAVE by Institutional Analysts is $31.99, which is 37.36% Upside from the current price. So according to the Institutional Analysts, SAVE Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Spirit Airlines Inc (SAVE) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    BarclaysOverweightMaintained
    SusquehannaNeutralDowngraded
    MKM PartnersNeutralDowngraded
    Seaport GlobalBuyUpgraded
    Evercore ISI GroupOutperformUpgraded
    Goldman SachsNeutralMaintained
    JP MorganNeutralDowngraded
    CitigroupBuyUpgraded
    MKM PartnersBuyInitiated
    Wolfe ResearchPeer PerformUpgraded
    Evercore ISI GroupIn-LineDowngraded
    JP MorganOverweightUpgraded
    SusquehannaPositiveUpgraded
    Deutsche BankBuyUpgraded
    Vertical ResearchHoldDowngraded
    Seaport GlobalNeutralDowngraded
    Credit SuisseUnderperformMaintained
    SusquehannaNeutralMaintained
    JP MorganUnderweightDowngraded
    Deutsche bankHoldDowngraded
    JP MorganOverweightUpgraded
    JP MorganNeutralUpgraded
    BarclaysOverweightMaintained
    Seaport GlobalBuyInitiated
    CitigroupBuyMaintained
    Credit SuisseUnderperformDowngraded
    Evercore ISI GroupOutperformUpgraded
    Raymond JamesMarket PerformDowngraded
    CitigroupBuyMaintained
    JP MorganUnderweightMaintained
    Deutsche BankBuyMaintained
    JP MorganUnderweightDowngraded
    CitigroupBuyMaintained
    Bank of AmericaUnderperformMaintained
    Raymond JamesOutperformMaintained
    B of A SecuritiesUnderperformMaintained
    CitigroupBuyMaintained
    Buckingham ResearchNeutralDowngraded
    Credit SuisseNeutralMaintained
    BuckinghamBuyMaintained
    CitigroupBuyMaintained
    BuckinghamBuyMaintained
    Vertical ResearchBuyUpgraded
    Cowen & Co.OutperformMaintained
    BuckinghamBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesOutperformMaintained
    Credit SuisseNeutralMaintained
    Deutsche BankHoldMaintained
    Morgan StanleyEqual-WeightMaintained
    Stephens & Co.Equal-WeightDowngraded
    Cowen & Co.OutperformMaintained
    BuckinghamNeutralDowngraded
    Raymond JamesOutperformDowngraded
    Morgan StanleyEqual-WeightMaintained
    Imperial CapitalOutperformMaintained
    MacquarieNeutralDowngraded
    Credit SuisseNeutralDowngraded
    Evercore ISI GroupIn-LineDowngraded
    Deutsche BankHoldDowngraded
    Deutsche BankBuyMaintained
    Goldman SachsNeutralDowngraded
    Morgan StanleyEqual-WeightMaintained
    Raymond JamesStrong BuyMaintained
    Bank of AmericaNeutralDowngraded
    Imperial CapitalOutperformMaintained
    BarclaysOverweightUpgraded
    Goldman SachsBuyUpgraded
    Cowen & Co.OutperformUpgraded
    Credit SuisseOutperformUpgraded
    Morgan StanleyEqual-WeightMaintained
    JP MorganOverweightUpgraded
    Credit SuisseNeutralInitiated
    Morgan StanleyEqual-WeightMaintained
    Goldman SachsNeutralInitiated
    JP MorganNeutralDowngraded
    Raymond JamesStrong BuyMaintained
    BuckinghamBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Imperial CapitalOutperformMaintained
    BuckinghamBuyMaintained
    Deutsche BankBuyMaintained
    BuckinghamBuyMaintained
    Imperial CapitalOutperformMaintained
    BuckinghamBuyMaintained
    MacquarieOutperformMaintained
    BuckinghamBuyUpgraded
    Morgan StanleyEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    CitigroupBuyMaintained
    BuckinghamNeutralMaintained
    CitigroupBuyMaintained
    JP MorganOverweightUpgraded
    CitigroupBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Bank of AmericaBuyMaintained
    BuckinghamNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    MacquarieOutperformUpgraded
    Imperial CapitalOutperformUpgraded
    BuckinghamNeutralMaintained
    Stifel NicolausHoldDowngraded
    Bank of AmericaBuyUpgraded
    Deutsche BankBuyUpgraded
    Stephens & Co.OverweightInitiated
    Morgan StanleyEqual-WeightMaintained
    JP MorganUnderweightDowngraded
    CitigroupBuyMaintained
    BuckinghamNeutralMaintained
    Morgan StanleyEqual-WeightMaintained
    Stifel NicolausBuyMaintained
    Deutsche BankHoldDowngraded
    MacquarieNeutralInitiated
    JP MorganNeutralDowngraded
    Deutsche BankBuyMaintained
    Morgan StanleyEqual-WeightMaintained
    BarclaysEqual-WeightMaintained
    JP MorganOverweightUpgraded
    Imperial CapitalIn-LineDowngraded
    CitigroupBuyUpgraded
    BuckinghamNeutralDowngraded
    Bank of AmericaHoldDowngraded
    Morgan StanleyEqual-WeightMaintained
    Deutsche BankBuyMaintained
    Imperial CapitalOutperformMaintained
    Cowen & Co.Market PerformDowngraded
    BarclaysEqual-WeightInitiated
    CitigroupNeutralDowngraded
    Imperial CapitalOutperformInitiated
    CitigroupBuyMaintained
    Raymond JamesStrong BuyUpgraded
    Deutsche BankBuyMaintained
    CitigroupBuyMaintained
    Credit SuisseOutperformUpgraded
    Credit SuisseNeutralMaintained
    JP MorganNeutralDowngraded
    CitigroupBuyMaintained
    Credit SuisseNeutralMaintained
    Raymond JamesOutperformUpgraded
    JP MorganOverweightMaintained
    CitigroupBuyUpgraded
    JP MorganOverweightInitiated
    Wolfe ResearchOutperformUpgraded
    Stifel NicolausBuyUpgraded
    Deutsche BankBuyMaintained
    BarclaysOverweightMaintained
    Wolfe ResearchPeer PerformDowngraded
    Wolfe ResearchPeer PerformDowngraded
    Morgan StanleyEqual-WeightDowngraded
    BarclaysOverweightMaintained
    Cowen & Co.OutperformUpgraded
    CitigroupNeutralMaintained
    BarclaysOverweightMaintained
    Standpoint ResearchBuyUpgraded
    Imperial CapitalOutperformMaintained
    Deutsche BankBuyMaintained
    CitigroupNeutralDowngraded
    BarclaysOverweightMaintained
    Morgan StanleyOverweightInitiated
    Credit SuisseNeutralDowngraded
    BarclaysOverweightMaintained
    Sidoti & Co.BuyUpgraded
    CitigroupBuyMaintained
    Evercore ISI GroupBuyUpgraded
    BarclaysOverweightMaintained
    Stifel NicolausHoldDowngraded
    CitigroupBuyMaintained
    Credit SuisseOutperformInitiated
    CRT CapitalBuyMaintained
    BarclaysOverweightMaintained
    Raymond JamesOutperformUpgraded
    CRT CapitalBuyMaintained
    Raymond JamesMarket PerformDowngraded
    CitigroupBuyMaintained
    WunderlichOutperformMaintained
    Deutsche BankBuyMaintained
    CRT CapitalBuyMaintained
    BarclaysOverweightMaintained
    Imperial CapitalOutperformMaintained
    BarclaysOverweightMaintained
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    Cowen & Co.Market PerformDowngraded
    BarclaysBuyMaintained
    CRT CapitalBuyMaintained
    CitigroupBuyMaintained
    Evercore PartnersEqual-weightDowngraded
    BarclaysOverweightMaintained
    CRT CapitalBuyMaintained
    Raymond JamesOutperformMaintained
    CitigroupBuyMaintained
    BarclaysOverweightMaintained
    CitigroupBuyMaintained
    Bank of AmericaBuyInitiated
    BarclaysOverweightMaintained
    Wolfe ResearchOutperformMaintained
    Stifel NicolausBuyInitiated
    Sidoti & Co.NeutralDowngraded
    Morgan StanleyOverweightMaintained
    Imperial CapitalOutperformMaintained
    Raymond JamesOutperformMaintained
    CitigroupBuyMaintained
    Imperial CapitalOutperformMaintained
    CitigroupBuyUpgraded
    Raymond JamesOutperformUpgraded
    Imperial CapitalOutperformMaintained
    Raymond JamesMarket PerformDowngraded
    CitigroupNeutralDowngraded
    Imperial CapitalOutperformMaintained
    Imperial CapitalOutperformMaintained
    CitigroupBuyMaintained
    Deutsche BankBuyMaintained
    Cowen & Co.BuyMaintained
    Imperial CapitalOutperformMaintained
    BarclaysOverweightMaintained
    Raymond JamesOutperformUpgraded
    Imperial CapitalOutperformMaintained
    Imperial CapitalOutperformMaintained
    Dahlman RoseBuyMaintained
    BarclaysOverweightMaintained
    Imperial CapitalOutperformMaintained
    Imperial CapitalOutperformMaintained
    Deutsche BankBuyMaintained
    Dahlman RoseBuyMaintained
    CitigroupBuyInitiated

    Spirit Airlines Inc (SAVE) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.867
    The average consensus EPS for SAVE is $-0.867 with a high estimate of $-0.525 and Low of $-1.166 for the period 2022-03-31 and based on 9 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.69$-1.04282021-09-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $$-0.91062021-12-31
    $-0.69$-1.04282021-09-30
    $-0.34$-0.82752021-06-30
    $-2.48$-2.58952021-03-31
    $-1.61$-1.46082020-12-31
    $-2.32$-2.69252020-09-30
    $-3.59$-2.71042020-06-30
    $-0.86$-0.63162020-03-31
    $1.24$1.24242019-12-31
    $1.32$1.25582019-09-30
    $1.69$1.67972019-06-30
    $0.84$0.8562019-03-31
    $1.38$1.40572018-12-31
    $1.47$1.40862018-09-30
    $1.11$1.11492018-06-30
    $0.44$0.44042018-03-31
    $0.73$0.71952017-12-31
    $0.94$0.91812017-09-30
    $1.14$1.12442017-06-30
    $0.51$0.50142017-03-31
    $0.77$0.75792016-12-31
    $1.24$1.19272016-09-30
    $1.11$1.09792016-06-30
    $1.01$0.97912016-03-31
    $1.02$1.00572015-12-31
    $1.35$1.3462015-09-30
    $1.03$1.02782015-06-30
    $0.96$0.97772015-03-31
    $0.8$0.79562014-12-31
    $1.01$0.99482014-09-30
    $0.91$0.90712014-06-30
    $0.52$0.52022014-03-31
    $0.56$0.50662013-12-31
    $0.79$0.76422013-09-30
    $0.63$0.64392013-06-30
    $0.45$0.42942013-03-31
    $0.48$0.24762012-12-31
    $0.35$0.35362012-09-30
    $0.49$0.47972012-06-30
    $0.33$0.33012012-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).