Spirit AeroSystems Holdings Price Target Cut to $33.00 (SPR)
Equities researchers at UBS AG cut their price target on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $36.00 to $33.00 in a research report issued on Friday, Stock Ratings Network reports. The firm currently has a “buy” rating on the stock. UBS AG’s price target indicates a potential upside of 21.95% from the company’s current price.
SPR has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Spirit AeroSystems Holdings from $33.00 to $28.00 in a research note to investors on Friday. Separately, analysts at Jefferies Group cut their price target on shares of Spirit AeroSystems Holdings from $32.00 to $29.00 in a research note to investors on Friday. Finally, analysts at Canaccord Genuity cut their price target on shares of Spirit AeroSystems Holdings from $38.00 to $32.00 in a research note to investors on Friday. They now have a “buy” rating on the stock. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $30.07.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) traded up 2.07% during mid-day trading on Friday, hitting $27.06. 5,371,380 shares of the company’s stock traded hands. Spirit AeroSystems Holdings has a one year low of $15.80 and a one year high of $35.89. The stock has a 50-day moving average of $33.77 and a 200-day moving average of $28.32. The company has a market cap of $3.915 billion and a price-to-earnings ratio of 146.46.
Spirit AeroSystems Holdings (NYSE:SPR) last announced its earnings results on Thursday, February 6th. The company reported ($4.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by $4.80. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. Analysts expect that Spirit AeroSystems Holdings will post $2.68 EPS 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.
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