A look at the expert opinion on Spirit Airlines from 7 analysts – Spirit Airlines (NYSE:SAVE)

In the last three months, 7 analysts have published ratings on Spirit Airlines SAVEand offers a wide range of perspectives from optimistic to pessimistic.

The table below summarizes their recent ratings and provides insight into evolving sentiment over the past 30 days, as well as a comparison with previous months.

Analysts’ evaluations of 12-month price targets provide additional insight, showing an average price target of $2.46, with a high estimate of $3.00 and a low estimate of $2.00. The current average has declined by 23.36%, which is below the previous average price target of $3.21.

Analysis of Analyst Ratings: A Detailed Breakdown

Financial professionals’ perceptions of Spirit Airlines are analyzed based on analysts’ recent activity. The following summary highlights key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key findings:

• Action taken: Analysts react to changes in market conditions and company performance and update their recommendations frequently. Whether they “maintain,” “increase,” or “lower” their rating reflects their reaction to recent developments at Spirit Airlines. This information provides a snapshot of how analysts perceive the current state of the company.
• Evaluation: Analysts analyze trends and provide qualitative ratings that range from outperform to underperform. These ratings represent expectations about Spirit Airlines’ relative performance compared to the overall market.
• Price targets: Analysts set price targets as an estimate of a stock’s future value. Comparing current and past price targets provides insight into how analysts’ expectations have changed over time. This information can be valuable to investors who want to understand consensus opinions about the stock’s potential future performance.

To get a comprehensive view of Spirit Airlines’ market performance, check out these analyst ratings along with key financial indicators. Stay informed and make informed decisions using our ratings table.

Stay up to date with Spirit Airlines analyst ratings.

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Revealing the story behind Spirit Airlines

Spirit Airlines Inc. is an airline operator serving the United States, Latin America, and the Caribbean. It primarily offers its customers unbundled base fares to eliminate all unnecessary travel amenities. If needed, a customer can choose additional options at an additional cost. Flight crews are fully interchangeable across all aircraft, and maintenance and other support services are simplified due to the not-too-complex fleet. The company has one operating segment, air transportation, due to its system-wide route structure. It may choose to expand its network if a market is underserved or overpriced. The majority of revenue is generated in the United States.

Spirit Airlines Financial Performance

Market capitalization analysis: The company’s market capitalization is below industry benchmarks and reflects a smaller size compared to peers. This positioning may be influenced by factors such as growth expectations or operating capacity.

Decline in sales: Over the course of the three months, Spirit Airlines faced challenges that resulted in a decline of approximately -10.58% in revenue growth as of June 30, 2024. This represents a decline in the company’s revenue. Compared to its industry peers, the company is lagging behind and has a growth rate that is below the average of its industry peers in the Industrial sector.

Net margin: The company’s net margin is below industry averages, indicating potential difficulties in achieving high profitability. With a net margin of -15.06%, The company may face challenges in effectively controlling costs.

Return on equity (ROE): Spirit Airlines’ return on equity is below the industry average, indicating difficulties in efficiently using equity. With a return on equity of -21.3%, It may be difficult for the company to generate a satisfactory return for shareholders.

Return on assets (ROA): Spirit Airlines’ ROA is below the industry average, suggesting that it is struggling to maximize the return on its assets. With an ROA of -2.02%, The company may encounter obstacles to achieving optimal financial performance.

Debt management: Spirit Airlines’ debt ratio is significantly above the industry average. With a ratio of 9.17the company is more dependent on debt, which indicates a higher financial risk.

Analyst Ratings: Simplified

Analyst ratings serve as important indicators of stock performance and are prepared by experts in banking and finance. These specialists carefully analyze company financial reports, attend conference calls, and work with insiders to produce quarterly ratings for individual stocks.

Some analysts also offer forecasts for metrics such as growth estimates, earnings and revenue to provide further guidance on stocks. Investors who use analyst ratings should be aware that this specialized advice is human and may contain errors.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.