Evercore Partners says, " Spirit Airlines reported 4Q11 EPS and revenue ahead of our estimates, driven by stronger non-ticket (ancillary) revenue. We believe Spirit continues to identify profitable growth opportunities in the capacity constrained US airline industry. Our 2012 EPS estimate is increased to $1.85 (+39% y/y) from $1.65 despite higher fuel assumptions. Our price target is raised to $26 from $20, previously, based on 14x our 2012 EPS, in line with Spirit's closest domestic growth comparable, Allegiant Travel."
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in