Spirit AeroSystems Holdings Stock Rating Reaffirmed by Credit Suisse (SPR)
Spirit AeroSystems Holdings (NYSE:SPR)‘s stock had its “neutral” rating reiterated by equities research analysts at Credit Suisse in a research note issued to investors on Tuesday. They currently have a $43.00 price target on the stock, up from their previous price target of $31.00. Credit Suisse’s price target would indicate a potential upside of 16.34% from the stock’s previous close.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) remained flat at $36.96 during trading on Tuesday. The stock had a trading volume of 1,040,799 shares. Spirit AeroSystems Holdings has a 52 week low of $22.25 and a 52 week 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 $5.071 billion. Spirit AeroSystems Holdings also was the recipient of a significant increase in short interest in 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 shares of the company are short sold. Based on an average trading volume of 867,086 shares, the short-interest ratio is currently 2.4 days.
Spirit AeroSystems Holdings (NYSE:SPR) last announced its earnings results 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. Analysts expect that Spirit AeroSystems Holdings will post $3.05 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on SPR. Analysts at Cowen and Company raised their price target on shares of Spirit AeroSystems Holdings from $5.00 to $45.00 in a research note on Tuesday. Separately, analysts at Jefferies Group raised their price target on shares of Spirit AeroSystems Holdings from $29.00 to $42.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Spirit AeroSystems Holdings from $36.00 to $41.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $37.66.
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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