Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) have been assigned an average recommendation of “Hold” from the twenty-three ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $78.00.
SPR has been the subject of several analyst reports. ValuEngine upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research note on Wednesday, October 11th. UBS Group AG (USA) reiterated a “buy” rating and issued a $81.00 price objective (up previously from $63.00) on shares of Spirit Aerosystems Holdings in a research note on Monday, August 21st. Royal Bank Of Canada set a $69.00 price objective on shares of Spirit Aerosystems Holdings and gave the stock a “sell” rating in a research note on Sunday, September 10th. Finally, Jefferies Group LLC lifted their price objective on shares of Spirit Aerosystems Holdings from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, September 28th.
Shares of Spirit Aerosystems Holdings (NYSE SPR) traded down $0.22 during mid-day trading on Wednesday, hitting $82.40. 1,370,000 shares of the stock traded hands, compared to its average volume of 896,723. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.61 and a quick ratio of 0.89. The company has a market capitalization of $9,750.00, a P/E ratio of 16.90, a price-to-earnings-growth ratio of 1.46 and a beta of 1.16. Spirit Aerosystems Holdings has a 52 week low of $51.85 and a 52 week high of $83.13.
Spirit Aerosystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, hitting the consensus estimate of $1.26. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 30.53%. The business had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same quarter in the previous year, the company earned $1.16 EPS. The business’s revenue was up 2.2% on a year-over-year basis. sell-side analysts predict that Spirit Aerosystems Holdings will post 5.23 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Monday, December 18th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.04%.
Spirit Aerosystems Holdings announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 2nd that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the aerospace company to repurchase up to 4.6% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.
In related news, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the sale, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at approximately $6,957,046.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its holdings in Spirit Aerosystems Holdings by 9.5% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 160 shares during the last quarter. Raymond James Trust N.A. bought a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $200,000. State of Alaska Department of Revenue grew its holdings in Spirit Aerosystems Holdings by 6.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 222 shares during the last quarter. Parametrica Management Ltd bought a new stake in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $217,000. Finally, Nine Chapters Capital Management LLC bought a new stake in Spirit Aerosystems Holdings during the 3rd quarter worth approximately $218,000. 98.96% of the stock is currently owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international trademark and copyright laws. The correct version of this piece of content can be viewed at https://www.com-unik.info/2017/11/04/spirit-aerosystems-holdings-inc-spr-receives-76-17-consensus-target-price-from-brokerages.html.
About Spirit Aerosystems Holdings
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
What are top analysts saying about Spirit Aerosystems Holdings Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Spirit Aerosystems Holdings Inc. and related companies.