Market Overview

Spirit Airlines Remains One Of The Few Growth Stories In U.S. Airline Industry


In a report published Wednesday, Imperial Capital analyst Bob McAdoo reiterated an Outperform rating and $100.00 price target on Spirit Airlines (NASDAQ: SAVE).

In the report, Imperial Capital noted, "We are maintaining our Outperform rating and one-year price target of $100 on SAVE shares. In our view, Spirit remains one of the few growth stories in the U.S. airline industry, having generated double-digit growth across revenue, EBITDA, and EPS each year since 2007. The addition of new aircraft and markets, including 26 new nonstop routes beginning in 2015, should help drive additional passenger growth, we believe."

The report continued, "With improved marketing aimed at educating the consumer to the benefits of unbundled airfare, we expect a decrease in the number of customer complaints, which we believe has deterred some investors. The company maintains one of the strongest balance sheets in the industry and recently announced a new share repurchase authorization providing increased flexibility to create value for shareholders. Our price target represents about 25% potential upside, based on the recent share price."

Spirit Airlines closed on Tuesday at $80.05.

Latest Ratings for SAVE

Dec 2019UpgradesNeutralBuy
Nov 2019MaintainsEqual-Weight
Oct 2019MaintainsNeutral

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Posted-In: Bob McAdoo imperial capitalAnalyst Color Reiteration Analyst Ratings


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