Spirit AeroSystems Holdings Price Target Raised to $24.00 at Deutsche Bank (SPR)
Equities research analysts at Deutsche Bank raised their target price on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $22.00 to $24.00 in a research note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential upside of 1.01% from the company’s current price.
SPR has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Zacks downgraded shares of Spirit AeroSystems Holdings from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. They now have a $28.50 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $23.83.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) traded down 0.88% during mid-day trading on Wednesday, hitting $23.55. 276,398 shares of the company’s stock traded hands. Spirit AeroSystems Holdings has a 52-week low of $13.96 and a 52-week high of $26.71. The stock’s 50-day moving average is $23.79 and its 200-day moving average is $22.22. The company’s market cap is $3.407 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last issued its quarterly 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.
Spirit AeroSystems Holdings, Inc (NYSE:SPR) is an independent non- original equipment manufacturer (OEM) aircraft parts designers and manufacturers of commercial aerostructures.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.