Spirit AeroSystems Holdings Lifted to “Buy” at Bank of America (SPR)
A number of other firms have also recently commented on SPR. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Spirit AeroSystems Holdings in a research note on Tuesday. They now have a $48.00 price target on the stock, up previously from $42.50. Separately, analysts at RBC Capital raised their price target on shares of Spirit AeroSystems Holdings to $40.00 in a research note on Tuesday. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $39.84.
Shares of Spirit AeroSystems Holdings (NYSE:SPR) opened at 39.57 on Friday. Spirit AeroSystems Holdings has a 1-year low of $22.94 and a 1-year high of $39.51. The stock’s 50-day moving average is $36.15 and its 200-day moving average is $32.18. The company’s market cap is $5.429 billion. Spirit AeroSystems Holdings also was the recipient of a large increase in short interest during the month of August. As of August 15th, there was short interest totalling 3,249,878 shares, an increase of 74.7% from the July 31st total of 1,859,866 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,779,275 shares, the short-interest ratio is currently 1.2 days.
Spirit AeroSystems Holdings (NYSE:SPR) last issued its 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 prior year, the company posted $0.72 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Spirit AeroSystems Holdings will post $3.31 EPS 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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