In a research note, Barclays Capital has lifted its price target on shares of Spirit Airlines from $24.00 to $30.00. The bank gives Spirit an “overweight” rating on the stock.
Raymond James too has also raised its price target on shares of Spirit from $24.00 to $28.00, while Cowen raised its price target on the airline company from $23.00 to $28.00 and has added a “buy” rating.
The company has a consensus rating of “Buy” and a consensus price target of $25.74.
In its quarterly earnings on Feb 19, Spirit Airlines reported $0.27 earnings per share (EPS) for the quarter, outperforming its estimate of $0.24 by $0.03. Revenue was up to $328.30 million – up 19.9% on a year-over-year basis. Analysts expect that Spirit Airlines Incorporated will post $1.93 EPS for the current fiscal year.
Spirit Airlines price target raised
