Spirit AeroSystems Holdings Price Target Lowered to $28.00 at RBC Capital (SPR)
Equities research analysts at RBC Capital lowered their price target on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $33.00 to $28.00 in a research note issued to investors on Friday, Analyst RN reports. RBC Capital’s target price suggests a potential upside of 5.62% from the company’s current price.
A number of other firms have also recently commented on SPR. 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. Separately, 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. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Spirit AeroSystems Holdings to a “hold” rating in a research note to investors on Friday. They now have a $28.00 price target on the stock, down previously from $31.00. Eleven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Spirit AeroSystems Holdings has an average rating of “Hold” and an average target price of $29.85.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 26.51 on Friday. Spirit AeroSystems Holdings has a one year low of $15.80 and a one year high of $35.89. The stock’s 50-day moving average is $33.77 and its 200-day moving average is $28.32. The company has a market cap of $3.835 billion and a P/E ratio of 182.15.
Spirit AeroSystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Thursday, February 6th. The company reported ($4.15) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.62 earnings per share. Spirit AeroSystems Holdings’s revenue was up 4.8% compared to the same quarter last year. On average, analysts predict that Spirit AeroSystems Holdings will post $0.50 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.
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