Spirit Aerosystems Holdings, Inc. (NYSE:SPR) had its price objective hoisted by investment analysts at Credit Suisse Group from $88.00 to $97.00 in a report released on Thursday. The brokerage currently has an “outperform” rating on the aerospace company’s stock. Credit Suisse Group’s price target suggests a potential upside of 21.10% from the company’s previous close.

Several other equities research analysts also recently commented on SPR. Sanford C. Bernstein reaffirmed an “in-line” rating and set a $98.00 price objective (up from $87.00) on shares of Spirit Aerosystems Holdings in a report on Thursday. Canaccord Genuity reaffirmed a “buy” rating and set a $86.00 price objective on shares of Spirit Aerosystems Holdings in a report on Tuesday. Wells Fargo & Company reaffirmed a “market perform” rating and set a $85.00 price objective (up from $78.00) on shares of Spirit Aerosystems Holdings in a report on Thursday. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and upped their price objective for the company from $62.00 to $83.00 in a report on Thursday, August 3rd. Finally, Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and upped their price objective for the company from $54.00 to $68.00 in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $78.55.

Spirit Aerosystems Holdings (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The business had revenue of $1.75 billion for the quarter, compared to the consensus estimate 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 was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.16 earnings per share.

Spirit Aerosystems Holdings declared that its board has authorized a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the aerospace company to repurchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Spirit Aerosystems Holdings, Inc. (SPR) PT Raised to $97.00” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/11/02/spirit-aerosystems-holdings-inc-spr-pt-raised-to-97-00.html.

In related news, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the transaction, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the company’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the transaction, the senior vice president now owns 93,258 shares in the company, valued at $6,957,046.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of SPR. Wellington Management Group LLP increased its position in shares of Spirit Aerosystems Holdings by 40.9% in the first quarter. Wellington Management Group LLP now owns 124,287 shares of the aerospace company’s stock worth $7,199,000 after purchasing an additional 36,090 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Spirit Aerosystems Holdings by 5.3% in the first quarter. Teachers Advisors LLC now owns 374,119 shares of the aerospace company’s stock worth $21,669,000 after purchasing an additional 18,850 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Spirit Aerosystems Holdings by 20.1% in the first quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after purchasing an additional 710 shares during the last quarter. 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 worth $19,651,000 after purchasing an additional 84,561 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Spirit Aerosystems Holdings by 198.7% in the first quarter. Janus Capital Management LLC now owns 78,065 shares of the aerospace company’s stock worth $4,522,000 after purchasing an additional 51,929 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

Spirit Aerosystems Holdings Company Profile

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.

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.