Spirit AeroSystems (NYSE:SPR) was downgraded by equities researchers at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

SPR has been the topic of a number of other research reports. Buckingham Research upped their target price on Spirit AeroSystems from $53.00 to $66.00 and gave the stock a “neutral” rating in a report on Thursday, September 28th. Canaccord Genuity reiterated a “buy” rating and set a $86.00 target price on shares of Spirit AeroSystems in a report on Tuesday, October 31st. Royal Bank Of Canada set a $77.00 target price on Spirit AeroSystems and gave the stock a “sell” rating in a report on Sunday, November 12th. Cowen reiterated an “outperform” rating and set a $88.00 target price (up previously from $79.00) on shares of Spirit AeroSystems in a report on Thursday, September 28th. Finally, Goldman Sachs Group upgraded Spirit AeroSystems from a “sell” rating to a “neutral” rating and upped their target price for the stock from $54.00 to $68.00 in a report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $79.95.

Shares of Spirit AeroSystems (NYSE SPR) traded down $1.76 during trading hours on Tuesday, reaching $82.24. The company had a trading volume of 999,665 shares, compared to its average volume of 1,031,859. Spirit AeroSystems has a 52 week low of $51.85 and a 52 week high of $84.96. The stock has a market cap of $9,593.32, a P/E ratio of 16.97, a PEG ratio of 1.47 and a beta of 1.16. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned $1.16 EPS. Spirit AeroSystems’s revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Spirit AeroSystems will post 5.22 earnings per share for the current fiscal year.

In other news, Director Charles L. Chadwell sold 6,600 shares of the business’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now directly owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $84.13, for a total value of $42,065.00. Following the completion of the sale, the director now directly owns 1,964 shares in the company, valued at $165,231.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 22,188 shares of company stock worth $1,714,664. Insiders own 0.28% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in Spirit AeroSystems by 65.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,441 shares of the aerospace company’s stock valued at $105,000 after acquiring an additional 965 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Spirit AeroSystems by 9.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after acquiring an additional 160 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Spirit AeroSystems by 351.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,511 shares of the aerospace company’s stock valued at $108,000 after acquiring an additional 1,955 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Spirit AeroSystems in the 2nd quarter valued at approximately $119,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Spirit AeroSystems in the 4th quarter valued at approximately $133,000. 96.21% of the stock is currently owned by hedge funds and other institutional investors.

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About Spirit AeroSystems

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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