Spirit Airlines Inc (SAVE): Today's Featured Transportation Winner

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

Spirit Airlines ( SAVE) pushed the Transportation industry higher today making it today's featured transportation winner. The industry as a whole closed the day down 0.5%. By the end of trading, Spirit Airlines rose $0.60 (1.3%) to $47.66 on heavy volume. Throughout the day, 1,125,494 shares of Spirit Airlines exchanged hands as compared to its average daily volume of 716,200 shares. The stock ranged in a price between $46.80-$47.88 after having opened the day at $47.72 as compared to the previous trading day's close of $47.06. Other companies within the Transportation industry that increased today were: Globus Maritime ( GLBS), up 5.4%, Diana Containerships ( DCIX), up 5.2%, International Shipholding Corporation ( ISH), up 4.2% and China Metro-Rural Holdings ( CNR), up 4.2%.

Spirit Airlines, Inc. provides low-fare airline services. It operates approximately 200 daily flights to 50 destinations in the United States, Latin America, and the Caribbean. Spirit Airlines has a market cap of $3.4 billion and is part of the services sector. Shares are up 3.6% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Spirit Airlines a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Spirit Airlines as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.

On the negative front, TOP Ships ( TOPS), down 15.6%, Newlead Holdings ( NEWL), down 11.1%, Kansas City Southern ( KSU), down 4.5% and Roadrunner Transportation Systems ( RRTS), down 4.0% , were all laggards within the transportation industry with Union Pacific ( UNP) being today's transportation industry laggard.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the transportation industry could consider iShares Dow Jones Transportation ( IYT) while those bearish on the transportation industry could consider ProShares UltraShort Industrials ( SIJ).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.

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