Spirit AeroSystems Holdings Given New $40.00 Price Target at FBR Capital Markets (SPR)
Equities research analysts at FBR Capital Markets boosted their price objective on shares of Spirit AeroSystems Holdings (NYSE:SPR) from $34.00 to $40.00 in a research note issued to investors on Monday. The firm currently has an “outperform” rating on the stock. FBR Capital Markets’ target price points to a potential upside of 8.58% from the stock’s previous close.
A number of other firms have also recently commented on SPR. 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. Separately, 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. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit AeroSystems Holdings in a research note on Friday, July 11th. They now have a $39.00 price target on the stock, up previously from $38.00. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $34.69.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 36.84 on Monday. Spirit AeroSystems Holdings has a one year low of $22.25 and a one year 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 significant growth in short interest in the month of July. As of July 15th, there was short interest totalling 2,122,153 shares, a growth of 96.2% from the June 30th total of 1,081,598 shares. Currently, 1.7% of the company’s stock are short sold. Based on an average daily trading volume, of 867,086 shares, the short-interest ratio is currently 2.4 days.
Spirit AeroSystems Holdings (NYSE:SPR) last issued its quarterly earnings data on Friday, August 1st. The company reported $1.01 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.72 earnings per share. Spirit AeroSystems Holdings’s revenue was up 18.5% compared to the same quarter last year. On average, analysts predict that Spirit AeroSystems Holdings will post $2.98 earnings per share 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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