Spirit Airlines (NASDAQ:SAVE) Target Raised by Goldman Sachs Group Inc to $20.00

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Spirit Airlines stock has undergone multiple analysts rating changes in the recent past.  Spirit Airlines stock Target Raised by   Goldman Sachs Group Inc on 6/29/2020. In a note to investors, the firm issued a new target price of $20.00. The analysts previously had $15.00 target price. Goldman Sachs Group Inc’s price target would indicate a potential upside of 20.63% from the stock’s previous close.

Shares of Spirit Airlines traded up $0.48 on Monday, reaching $17.06. 7252242 shares of the stock traded hands, compared to its average volume of 36734245. Shares of were trading at $17.06 on Monday. The firm’s 50 day moving average is $$14.63 and its 200 day moving average is $28.78.Spirit Airlines  has a 12 month low of $16.00 and a 12 month high of $55.21. While on yearly highs and lows, Spirit Airlines today has traded high as $17.32 and has touched $16.00 on the downward trend.

Spirit Airlines Earnings and What to expect: 

Spirit Airlines last issued its earnings results on May 6th, 2020. The transportation company reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.60) by $0.26. The company had revenue of $771.10 million for the quarter, compared to analysts’ expectations of $825.68 million. Its revenue was down 9.9% on a year-over-year basis. Spirit Airlines has generated $0.00 earnings per share over the last year. Spirit Airlines has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Wednesday, July 22nd, 2020 based off prior year’s report dates.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.33%
  • On 6/1/2020 Director Robert D. Johnson Sell 500 at average share price of $13.00 which equates to $6,500.00 in money value.
  • On 3/10/2020 SVP Thomas C. Canfield Buy 2,500 at average price of  $20.34 with total value of : Not Data Available
  • On 2/11/2020 Director Christine P. Richards Buy 5,000 at average price of  $43.24 with total value of : $216,200.00
  • See More Analyst Rating at: RATING

Other Analyst’s rating for Spirit Airlines

  • 6/17/2020 – Spirit Airlines is now covered by analysts at Seaport Global Securities. They set a “buy” rating and a $29.00 price target on the stock.
  • 6/15/2020 – Spirit Airlines had its price target raised by analysts at Citigroup Inc from $14.00 to $22.00. They now have a “buy” rating on the stock.
  • 6/12/2020 – Spirit Airlines was downgraded by analysts at Credit Suisse Group AG from a “neutral” rating to an “underperform” rating. They now have a $13.00 price target on the stock, up previously from $12.00.
  • 6/10/2020 – Spirit Airlines had its price target raised by analysts at JPMorgan Chase & Co. from $10.00 to $14.00.
  • See More Analyst Rating at: RATING

Other rating updates by Goldman Sachs Group Inc: 

  • 6/29/2020 – Shopify had its price target raised by analysts at Goldman Sachs Group Inc from $786.00 to $1,127.00. They now have a “neutral” rating on the stock.
  • 6/29/2020 – SkyWest had its price target raised by analysts at Goldman Sachs Group Inc from $41.00 to $53.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – JetBlue Airways had its price target raised by analysts at Goldman Sachs Group Inc from $12.00 to $17.00. They now have a “buy” rating on the stock.
  • 6/29/2020 – United Continental had its price target raised by analysts at Goldman Sachs Group Inc from $40.00 to $61.00. They now have a “buy” rating on the stock.
  • See More Analyst Rating at: RATING

Spirit Airlines (NASDAQ:SAVE) Moving Average Technical Analysis

5 day Moving Average is $$17.28 And 5 day price change is -$1.80 (-9.73%)  with average volume for 5 day average is 17,250,199. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $19.10 and 20 day price change is $2.74 (19.63%) and average 20 day moving volume is 39,260,125. 50 day moving average is $14.63  and 50 day price change is $3.35 ( 25.09%)  and with average volume for 50 days is : 27,081,100. 200 day moving average is $28.78  and 200 day price change is -$21.57 (-56.36%)  and with average volume for 200 days is : 8,591,238.

See More Analyst Rating at: RATING