Spirit AeroSystems Holdings Price Target Lowered to $29.00 at Jefferies Group (SPR)
Research analysts at Jefferies Group dropped their price objective on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $32.00 to $29.00 in a report released on Friday, American Banking & Market News reports. Jefferies Group’s price target would indicate a potential upside of 9.39% from the company’s current price.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 26.51 on Friday. Spirit AeroSystems Holdings has a 52-week low of $15.80 and a 52-week 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.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at KeyCorp reiterated a “hold” rating on shares of Spirit AeroSystems Holdings in a research note to investors on Friday. Eleven investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Spirit AeroSystems Holdings has a consensus rating of “Hold” and an average target price of $29.85.
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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