Spirit Airlines, Inc. (NASDAQ:SAVE) added 1.98% and closed its last session at $55.6. The stock has the market capitalization of $3.85 Billion with the total outstanding shares of 69.32 Million. Spirit Airlines, Inc.. has Analysts’ Mean Recommendation of 1.44 between the scale of 1 to 5 (1 represents Strong Buy and 5 means Sell). The stock currently has P/E of 13.57 for trailing twelve months while its Forward P/E is 14.04.
Spirit Airlines, Inc. (NASDAQ:SAVE) touched its 52-Week High of $55.93 on Nov 30, 2016 while it’s 52-Week Low of $35.17 on Jan 14, 2016. The company currently has Return on Assets of 10.2 percent, Return on Equity of 22.6% and Return on Investment of 17.3 percent. The stock currently showing Weekly Volatility of 3.09%% and Monthly Volatility of 2.85% Percent with Average True Range of 1.52 and Beta of 0.8.
The 12 analysts offering 12-month price forecasts for Spirit Airlines Inc have a median target of 56.50, with a high estimate of 63.00 and a low estimate of 52.00. The median estimate represents a +1.62% increase from the last price of 55.60.
How do you create even more excitement in the Theme Park Capital of the World? Deliver ultra-low cost fares to seven new destinations, of course! Spirit Airlines is excited to begin daily service from the Orlando International Airport to Niagara Falls/Toronto, Plattsburgh/Montreal, Akron-Canton, Kansas City, Newark/New York, Boston and Philadelphia.
“We are excited to celebrate Spirit’s tremendous growth at the Orlando International Airport,” said Bob Fornaro, President and CEO of Spirit Airlines. “We recognize the need for more ultra-low fare options to Orlando and thank the Greater Orlando Aviation Authority for supporting our expansion. Our partnership will allow even more families to travel to Orlando with extra cash left in their pockets for theme parks, hotels and souvenirs.”
Spirit now operates to 19 destinations from Orlando, including Akron-Canton, Atlanta, Atlantic City, Baltimore/Washington DC, Boston, Chicago, Cleveland, Dallas/Fort Worth, Detroit, Fort Lauderdale, Houston, Kansas City, Latrobe/Pittsburgh, Minneapolis-St. Paul, Newark/New York, Niagara Falls/Toronto, Philadelphia, Plattsburgh/Montreal, and San Juan.
Spirit Airlines Inc. operates an airline based in Fort Lauderdale providing travel opportunity principally to and from South Florida, the Caribbean and Latin America. Spirit Airlines Inc. is based in Miramar, Florida.