CRT Capital Increases Spirit AeroSystems Holdings Price Target to $38.00 (SPR)
Equities researchers at CRT Capital lifted their target price on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $30.00 to $38.00 in a research report issued on Monday. The firm currently has a “fair value” rating on the stock. CRT Capital’s target price would suggest a potential upside of 3.15% from the company’s current price.
A number of other analysts have also recently weighed in on SPR. Analysts at FBR Capital Markets raised their price target on shares of Spirit AeroSystems Holdings from $34.00 to $40.00 in a research note on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Spirit AeroSystems Holdings from $36.00 to $43.00 in a research note on Monday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Spirit AeroSystems Holdings from $35.00 to $39.00 in a research note on Monday. They now have a “sector perform” rating on the stock. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. Spirit AeroSystems Holdings currently has a consensus rating of “Hold” and an average price target of $34.69.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 36.84 on Monday. Spirit AeroSystems Holdings has a 52 week low of $22.25 and a 52 week high of $37.18. The stock’s 50-day moving average is $33.86 and its 200-day moving average is $31.35. The company’s market cap is $5.331 billion. Spirit AeroSystems Holdings also was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,122,153 shares, an increase of 96.2% from the June 30th total of 1,081,598 shares. Approximately 1.7% of the company’s stock are sold short. Based on an average daily trading volume, of 867,086 shares, the days-to-cover ratio is presently 2.4 days.
Spirit AeroSystems Holdings (NYSE:SPR) last announced its earnings results on Friday, August 1st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.68 by $0.33. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Analysts expect that Spirit AeroSystems Holdings will post $2.98 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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