Spirit AeroSystems Holdings Sees Significant Drop in Short Interest (SPR)
Shares of Spirit AeroSystems Holdings (NYSE:SPR) saw a significant drop in short interest in the month of June. As of June 13th, there was short interest totalling 989,218 shares, a drop of 32.6% from the May 30th total of 1,467,404 shares, Stock Ratings Network reports. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 1,787,208 shares, the short-interest ratio is presently 0.6 days.
A number of analysts have recently weighed in on SPR shares. Analysts at Sterne Agee upgraded shares of Spirit AeroSystems Holdings from a “neutral” rating to a “buy” rating in a research note on Thursday, June 19th. They now have a $43.00 price target on the stock, up previously from $35.00. Separately, analysts at Citigroup Inc. raised their price target on shares of Spirit AeroSystems Holdings from $32.00 to $40.00 in a research note on Friday, June 6th. They now have an “outperform” rating on the stock. Finally, 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, June 6th. They now have a $40.00 price target on the stock, up previously from $32.00. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. Spirit AeroSystems Holdings presently has an average rating of “Hold” and an average price target of $32.80.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 33.54 on Thursday. Spirit AeroSystems Holdings has a one year low of $22.05 and a one year high of $35.89. The stock’s 50-day moving average is $33.30 and its 200-day moving average is $31.29. The company’s market cap is $4.854 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last released its earnings data on Friday, May 2nd. The company reported $1.07 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.57 earnings per share. Spirit AeroSystems Holdings’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that Spirit AeroSystems Holdings will post $2.92 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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