A Higher Rating Has Been Given to Spirit Airlines (NASDAQ:SAVE) By a J.P. Morgan. $82.0000 is The Target Price

Spirit Airlines, Inc. (NYSE:SAVE) Logo

Investors sentiment increased to 1 in Q2 2018. Its up 0.10, from 0.9 in 2018Q1. It is positive, as 38 investors sold Spirit Airlines, Inc. shares while 54 reduced holdings. 19 funds opened positions while 73 raised stakes. 77.03 million shares or 8.06% more from 71.29 million shares in 2018Q1 were reported.

Creative Planning reported 175,544 shares stake. 584,355 were reported by Hodges Capital Mgmt. Moreover, Gilder Gagnon Howe And Lc has 0.09% invested in Spirit Airlines, Inc. (NYSE:SAVE). Invesco Limited holds 2.01M shares or 0.02% of its portfolio. Heartland Advsr invested 0.3% in Spirit Airlines, Inc. (NYSE:SAVE). Boston Ptnrs stated it has 0.01% of its portfolio in Spirit Airlines, Inc. (NYSE:SAVE). Dimensional Fund Advsrs Limited Partnership invested 0.06% of its portfolio in Spirit Airlines, Inc. (NYSE:SAVE). Moreover, Ellington Mgmt Group Limited Liability Company has 0.02% invested in Spirit Airlines, Inc. (NYSE:SAVE) for 6,500 shares. Alexandria Capital Limited Liability Co holds 0.25% or 44,915 shares. Roundview Ltd Llc holds 0.18% or 18,600 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 1,581 shares. Mcclain Value Mngmt Limited Company reported 8,288 shares stake. Pub Employees Retirement Systems Of Ohio accumulated 4,342 shares. Hotchkis & Wiley Cap Mgmt Lc holds 69,890 shares or 0.01% of its portfolio. The New York-based Howe Rusling has invested 0% in Spirit Airlines, Inc. (NYSE:SAVE).

Since September 4, 2018, it had 0 buys, and 4 sales for $361,380 activity. JOHNSON ROBERT D sold 750 shares worth $35,648. Villa Laurie sold $71,106 worth of stock.

Spirit Airlines (NASDAQ:SAVE) Stock Upgrade

J.P. Morgan has raised shares of Spirit Airlines (NASDAQ:SAVE) to a respectable “Buy” rating in a research report revealed today, and has set a 12month target price per share of $82.0000, which is 27.89 % from SAVE’s share price currently.

Spirit Airlines, Inc. (NYSE:SAVE) Ratings Coverage

Among 13 analysts covering Spirit Airlines (NASDAQ:SAVE), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Spirit Airlines has $82 highest and $42 lowest target. $62.31’s average target is -2.82% below currents $64.12 stock price. Spirit Airlines had 21 analyst reports since June 13, 2018 according to SRatingsIntel. On Tuesday, November 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Spirit Airlines, Inc. (NYSE:SAVE) earned “Neutral” rating by JP Morgan on Tuesday, October 30. Buckingham Research maintained Spirit Airlines, Inc. (NYSE:SAVE) on Friday, October 26 with “Buy” rating. Barclays Capital maintained the shares of SAVE in report on Monday, July 16 with “Equal-Weight” rating. Morgan Stanley maintained Spirit Airlines, Inc. (NYSE:SAVE) on Monday, October 15 with “Equal-Weight” rating. The stock has “Buy” rating by Citigroup on Thursday, July 12. The rating was maintained by Buckingham Research on Wednesday, October 10 with “Buy”. The stock of Spirit Airlines, Inc. (NYSE:SAVE) earned “Outperform” rating by Macquarie Research on Tuesday, August 28. JP Morgan upgraded the stock to “Overweight” rating in Wednesday, November 28 report. The firm has “Strong Buy” rating by Raymond James given on Friday, October 26.

The stock increased 3.42% or $2.12 during the last trading session, reaching $64.12. About 726,531 shares traded. Spirit Airlines, Inc. (NASDAQ:SAVE) has risen 39.84% since December 2, 2017 and is uptrending. It has outperformed by 24.22% the S&P500.

Spirit Airlines, Inc. provides low-fare airline services. The company has market cap of $4.38 billion. As of February 7, 2017, it operated approximately 420 daily flights to 59 destinations in the United States, the Caribbean, and Latin America. It has a 13.91 P/E ratio. As of December 31, 2016, the firm had a fleet of 95 Airbus single-aisle aircraft comprising 29 A319s, 45 A320ceos, 5 A320neos, and 16 A321ceos.

More notable recent Spirit Airlines, Inc. (NYSE:SAVE) news were published by: Bizjournals.com which released: “Here are the U.S. airlines with the most customer complaints – Houston Business Journal” on November 08, 2018, also Seekingalpha.com with their article: “Impressive Capital Management Could Save Vitamin Shoppe – Seeking Alpha” published on November 11, 2018, Benzinga.com published: “32 Stocks Moving In Tuesday’s Pre-Market Session – Benzinga” on November 27, 2018. More interesting news about Spirit Airlines, Inc. (NYSE:SAVE) were released by: Globenewswire.com and their article: “Say ‘Hola’ to More Nonstop Flights to San Juan! Spirit Airlines Announces Additional Routes to Puerto Rico’s Capital City – GlobeNewswire” published on November 13, 2018 as well as Benzinga.com‘s news article titled: “48 Biggest Movers From Yesterday – Benzinga” with publication date: November 28, 2018.

Spirit Airlines, Inc. (NYSE:SAVE) Institutional Positions Chart

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