Canaccord Genuity Initiates Coverage on Spirit AeroSystems Holdings (SPR)
Research analysts at Canaccord Genuity began coverage on shares of Spirit AeroSystems Holdings (NYSE:SPR) in a report released on Wednesday, AnalystRatingsNetwork reports. The firm set a “hold” rating on the stock.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) traded down 0.93% during mid-day trading on Wednesday, hitting $23.54. 488,761 shares of the company’s stock traded hands. Spirit AeroSystems Holdings has a 1-year low of $13.96 and a 1-year high of $26.71. The stock has a 50-day moving average of $23.79 and a 200-day moving average of $22.22. The company’s market cap is $3.405 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last released its earnings data on Monday, August 12th. The company reported $0.72 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.22. The company had revenue of $1.52 million for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the prior year, the company posted $0.24 earnings per share. The company’s quarterly revenue was up 13.4% on a year-over-year basis. On average, analysts predict that Spirit AeroSystems Holdings will post $0.35 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on SPR. Analysts at Deutsche Bank raised their price target on shares of Spirit AeroSystems Holdings from $22.00 to $24.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Separately, analysts at Standpoint Research upgraded shares of Spirit AeroSystems Holdings from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. They now have a $30.00 price target on the stock. Finally, analysts at TheStreet downgraded shares of Spirit AeroSystems Holdings from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. Fifteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Spirit AeroSystems Holdings currently has a consensus rating of “Hold” and a consensus target price of $23.83.
Spirit AeroSystems Holdings, Inc (NYSE:SPR) is an independent non- original equipment manufacturer (OEM) aircraft parts designers and manufacturers of commercial aerostructures.
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