Spirit AeroSystems Holdings Sees Large Increase in Short Interest (SPR)
Spirit AeroSystems Holdings (NYSE:SPR) was the target of a significant growth in short interest during 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, StockRatingsNetwork.com reports. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 867,086 shares, the days-to-cover ratio is presently 2.4 days.
A number of analysts have recently weighed in on SPR shares. Analysts at Goldman Sachs reiterated a “neutral” rating on shares of Spirit AeroSystems Holdings in a research note on Monday. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit AeroSystems Holdings in a research note on Monday. They now have a $42.50 price target on the stock, up previously from $39.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Spirit AeroSystems Holdings in a research note on Monday. They now have a $40.00 price target on the stock, up previously from $36.00. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the stock. Spirit AeroSystems Holdings has a consensus rating of “Hold” and a consensus target price of $35.58.
Spirit AeroSystems Holdings (NYSE:SPR) opened at 36.96 on Tuesday. Spirit AeroSystems Holdings has a one year low of $22.25 and a one year high of $37.31. The stock’s 50-day moving average is $33.96 and its 200-day moving average is $31.32. The company’s market cap is $5.349 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last released its 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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