Spirit AeroSystems Holdings Sets New 1-Year High at $37.90 (SPR)
Shares of Spirit AeroSystems Holdings (NYSE:SPR) hit a new 52-week high on Friday , AR Network reports. The stock traded as high as $37.90 and last traded at $37.67, with a volume of 883,176 shares trading hands. The stock had previously closed at $37.04.
Several analysts have recently commented on the stock. 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. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company’s stock. Spirit AeroSystems Holdings presently has an average rating of “Hold” and a consensus price target of $38.94.
The stock has a 50-day moving average of $34.9 and a 200-day moving average of $31.59. The company’s market cap is $5.170 billion.
Spirit AeroSystems Holdings (NYSE:SPR) last posted its quarterly earnings results on Friday, August 1st. The company reported $1.01 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that Spirit AeroSystems Holdings will post $3.31 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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