Spirit AeroSystems Holdings Price Target Raised to $40.00 at Citigroup Inc. (SPR)
Investment analysts at Citigroup Inc. increased their price objective on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $32.00 to $40.00 in a note issued to investors on Friday, TheFlyOnTheWall.com reports. The firm currently has an “outperform” rating on the stock. Citigroup Inc.’s price target indicates a potential upside of 19.12% from the company’s current price.
Spirit AeroSystems Holdings (NYSE:SPR) opened at 33.58 on Friday. 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 $31.79 and its 200-day moving average is $31.07. The company’s market cap is $4.860 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 $2.89 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SPR. Analysts at Cowen and Company upgraded shares of Spirit AeroSystems Holdings from a “market perform” rating to an “outperform” rating in a research note on Friday. They now have a $40.00 price target on the stock, up previously from $32.00. Separately, analysts at Wolfe Research initiated coverage on shares of Spirit AeroSystems Holdings in a research note on Tuesday, May 13th. They set a “market perform” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $32.30.
In other Spirit AeroSystems Holdings news, EVP David M. Coleal unloaded 14,317 shares of the company’s stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $31.79, for a total value of $455,137.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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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