Spirit AeroSystems Holdings Receives Average Rating of “Hold” from Brokerages (NYSE:SPR)
Shares of Spirit AeroSystems Holdings (NYSE:SPR) have been given a consensus rating of “Hold” by the twenty-one ratings firms that are currently covering the company, AnalystRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, twelve have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $38.12.
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, August 6th. 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, August 5th. 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, August 5th.
In other Spirit AeroSystems Holdings news, SVP H David Walker sold 10,000 shares of the 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 transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 36.26 on Friday. Spirit AeroSystems Holdings has a 52-week low of $22.25 and a 52-week high of $37.74. The stock has a 50-day moving average of $34.3 and a 200-day moving average of $31.39. The company’s market cap is $4.975 billion.
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. On average, analysts predict that Spirit AeroSystems Holdings will post $3.37 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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