Brokerages Set Spirit AeroSystems Holdings, Inc. (SPR) Price Target at $81.28

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus rating of “Buy” from the twenty-two brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $81.28.

A number of equities analysts recently commented on SPR shares. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. ValuEngine raised shares of Spirit AeroSystems from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Royal Bank of Canada set a $69.00 price target on shares of Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, September 10th. Jefferies Group boosted their price target on shares of Spirit AeroSystems from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, September 28th. Finally, Citigroup reissued a “buy” rating and issued a $85.00 price target on shares of Spirit AeroSystems in a research report on Tuesday, September 26th.

Shares of Spirit AeroSystems (NYSE:SPR) traded up $0.35 during mid-day trading on Thursday, hitting $86.72. 593,239 shares of the company were exchanged, compared to its average volume of 1,100,000. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $10,030.00, a P/E ratio of 30.54, a P/E/G ratio of 1.53 and a beta of 1.16. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $86.77.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, hitting analysts’ consensus estimates of $1.26. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a net margin of 8.41% and a return on equity of 33.05%. The company’s revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 earnings per share. equities analysts expect that Spirit AeroSystems will post 5.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be issued a $0.10 dividend. The ex-dividend date is Friday, December 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Spirit AeroSystems’s payout ratio is 14.08%.

In other news, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Raymond James Trust N.A. purchased a new position in Spirit AeroSystems during the second quarter worth about $200,000. Nine Chapters Capital Management LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $218,000. Quantitative Systematic Strategies LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $227,000. Hillsdale Investment Management Inc. raised its holdings in Spirit AeroSystems by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares in the last quarter. Finally, Commonwealth Equity Services Inc purchased a new position in Spirit AeroSystems during the third quarter worth about $228,000. 96.12% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Brokerages Set Spirit AeroSystems Holdings, Inc. (SPR) Price Target at $81.28” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/12/24/brokerages-set-spirit-aerosystems-holdings-inc-spr-price-target-at-81-28-2.html.

Spirit AeroSystems Company Profile

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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

What are top analysts saying about Spirit AeroSystems? - 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 and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit