Spirit AeroSystems Holdings Given Consensus Recommendation of “Hold” by Brokerages (NYSE:SPR)
Shares of Spirit AeroSystems Holdings (NYSE:SPR) have been given a consensus rating of “Hold” by the twenty-one brokerages that are covering the stock, Analyst Ratings News reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $38.12.
Spirit AeroSystems Holdings (NYSE:SPR) traded down 1.49% on Friday, hitting $35.67. The stock had a trading volume of 867,929 shares. Spirit AeroSystems Holdings has a one year low of $22.25 and a one year high of $37.74. The stock has a 50-day moving average of $34.20 and a 200-day moving average of $31.40. The company’s market cap is $4.894 billion. Spirit AeroSystems Holdings also saw 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. Based on an average trading volume of 867,086 shares, the days-to-cover ratio is presently 2.4 days. Currently, 1.7% of the company’s shares are short sold.
Spirit AeroSystems Holdings (NYSE:SPR) last released its earnings data on Friday, August 1st. The company reported $1.01 earnings per share (EPS) for the quarter, beating the 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 $3.34 EPS for the current fiscal year.
In other Spirit AeroSystems Holdings news, SVP H David Walker sold 10,000 shares of Spirit AeroSystems Holdings stock on the open market in a transaction dated Friday, August 1st. The stock was sold at an average price of $36.00, for a total transaction of $360,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on SPR shares. Analysts at Zacks upgraded shares of Spirit AeroSystems Holdings from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $39.60 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of Spirit AeroSystems Holdings in a research note on Tuesday. They now have a $43.00 price target on the stock, up previously from $31.00. Finally, 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.
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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