Spirit Aerosystems Holdings, Inc. (NYSE:SPR)‘s stock had its “buy” rating reaffirmed by analysts at UBS AG in a report released on Monday, The Fly reports. They presently have a $81.00 price target on the aerospace company’s stock, up from their previous price target of $63.00. UBS AG’s price target would suggest a potential upside of 15.47% from the stock’s current price.

A number of other brokerages have also issued reports on SPR. BidaskClub raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and lifted their target price for the company from $54.00 to $68.00 in a research note on Thursday, August 10th. Canaccord Genuity lifted their target price on shares of Spirit Aerosystems Holdings from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the company from $62.00 to $83.00 in a research note on Thursday, August 3rd. Finally, Cowen and Company reissued an “outperform” rating and set a $79.00 target price (up previously from $69.00) on shares of Spirit Aerosystems Holdings in a research note on Tuesday, August 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $70.69.

Spirit Aerosystems Holdings (NYSE SPR) traded up 0.406% during mid-day trading on Monday, hitting $70.435. The stock had a trading volume of 680,711 shares. Spirit Aerosystems Holdings has a one year low of $42.26 and a one year high of $73.86. The firm’s 50-day moving average is $63.87 and its 200 day moving average is $58.81. The stock has a market cap of $8.33 billion, a PE ratio of 25.291 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last issued its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.37. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the business posted $1.21 EPS. Equities research analysts expect that Spirit Aerosystems Holdings will post $5.16 EPS for the current year.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the aerospace company to buy up to 4.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This story was first posted by American Banking News and is the property of of American Banking News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/08/21/spirit-aerosystems-holdings-spr-buy-rating-reiterated-at-ubs-ag.html.

In related news, Director Richard A. Gephardt sold 4,247 shares of Spirit Aerosystems Holdings stock in a transaction on Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the transaction, the director now owns 1,964 shares in the company, valued at approximately $113,912. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. M&T Bank Corp increased its position in shares of Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock valued at $261,000 after buying an additional 207 shares during the period. Breton Hill Capital Ltd. increased its position in shares of Spirit Aerosystems Holdings by 12.4% in the first quarter. Breton Hill Capital Ltd. now owns 17,517 shares of the aerospace company’s stock valued at $1,015,000 after buying an additional 1,932 shares during the period. Lockheed Martin Investment Management Co. increased its position in shares of Spirit Aerosystems Holdings by 66.7% in the first quarter. Lockheed Martin Investment Management Co. now owns 20,000 shares of the aerospace company’s stock valued at $1,158,000 after buying an additional 8,000 shares during the period. KBC Group NV increased its position in shares of Spirit Aerosystems Holdings by 10.7% in the first quarter. KBC Group NV now owns 302,915 shares of the aerospace company’s stock valued at $17,545,000 after buying an additional 29,164 shares during the period. Finally, Credit Suisse AG increased its position in shares of Spirit Aerosystems Holdings by 33.2% in the first quarter. Credit Suisse AG now owns 339,285 shares of the aerospace company’s stock valued at $19,651,000 after buying an additional 84,561 shares during the period. Hedge funds and other institutional investors own 99.25% of the company’s stock.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

The Fly

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

Receive News & Ratings for Spirit Aerosystems Holdings Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit Aerosystems Holdings Inc. and related companies with MarketBeat.com's FREE daily email newsletter.