Spirit AeroSystems Holdings Coverage Initiated by Analysts at Wolfe Research (SPR)
Research analysts at Wolfe Research began coverage on shares of Spirit AeroSystems Holdings (NYSE:SPR) in a report released on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.
Spirit AeroSystems Holdings (NYSE:SPR) opened at 33.69 on Tuesday. Spirit AeroSystems Holdings has a 1-year low of $20.55 and a 1-year high of $35.89. The stock’s 50-day moving average is $29.44 and its 200-day moving average is $30.61. The company’s market cap is $4.876 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Friday, May 2nd. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.43. The company had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts expect that Spirit AeroSystems Holdings will post $2.88 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Citigroup Inc. raised their price target on shares of Spirit AeroSystems Holdings from $35.00 to $38.00 in a research note on Tuesday, May 6th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Spirit AeroSystems Holdings from $8.00 to $35.00 in a research note on Monday, May 5th. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Spirit AeroSystems Holdings from $28.00 to $36.00 in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. Spirit AeroSystems Holdings presently has a consensus rating of “Hold” and an average target price of $31.22.
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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