Spirit Airlines Incorporated (SAVE), Delta Air Lines, Inc. (DAL): More Growth In Store?

Spirit’s valuation stays attractive despite the rapid share price growth. The company trades at 18.53 P/E and 11.65 forward P/E. Analysts have a $32.67 mean price target for Spirit. Spirit Airlines have beaten estimates 3 times out of its 4 last reports. Earnings estimates for Spirit Airlines Incorporated (NASDAQ:SAVE) have been increased 3.1% over the last 90 days. These facts paint a picture of a rapid growing company that continues to sustain growth momentum.

Why should you take a closer look at Spirit Airlines? The airline industry is in good shape and airline stocks are growing. Oil prices have stabilized on levels that are suitable for airline companies. Spirit Airlines has the best earnings momentum among the international airline operators. The company has no debt and good valuation metrics. The economy is still sluggish, and the consumer is tepid, but the business model of Spirit Airlines Incorporated (NASDAQ:SAVE) allows the consumer to save in such a way that the company saves too. This is why low prices do not hurt Spirit’s performance and the company operates at a higher operating margin than its peers. The stock has just broken its all-time highs and has more upside in the near future.

The article This Airline Has More Room To Grow originally appeared on Fool.com and is written by Vladimir Zernov.

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