Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating restated by research analysts at Seaport Global Securities in a report issued on Thursday. They presently have a $120.00 price target on the aerospace company’s stock. Seaport Global Securities’ target price suggests a potential upside of 22.88% from the stock’s previous close.

Several other research firms also recently issued reports on SPR. Wells Fargo & Co upgraded Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a research report on Tuesday. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Wednesday, January 10th. SunTrust Banks restated a “hold” rating and set a $93.00 target price on shares of Spirit AeroSystems in a research report on Tuesday, January 9th. Berenberg Bank began coverage on Spirit AeroSystems in a research report on Tuesday, November 7th. They set a “buy” rating and a $100.00 target price on the stock. Finally, ValuEngine downgraded Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the company. Spirit AeroSystems presently has an average rating of “Buy” and an average price target of $87.78.

Shares of Spirit AeroSystems (NYSE SPR) traded down $1.09 during midday trading on Thursday, reaching $97.66. The company’s stock had a trading volume of 1,115,141 shares, compared to its average volume of 978,700. Spirit AeroSystems has a 1-year low of $51.85 and a 1-year high of $99.34. The company has a market capitalization of $11,300.00, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 1.59 and a beta of 1.16. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the consensus estimate of $1.26. Spirit AeroSystems had a return on equity of 31.14% and a net margin of 4.98%. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company earned $1.16 earnings per share. 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 Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $84.13, for a total transaction of $42,065.00. Following the sale, the director now owns 1,964 shares in the company, valued at $165,231.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total value of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares in the company, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Large investors have recently made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at about $166,000. Nine Chapters Capital Management LLC bought a new position in shares of Spirit AeroSystems during the third quarter valued at about $218,000. Quantitative Systematic Strategies LLC bought a new position in shares of Spirit AeroSystems during the third quarter valued at about $227,000. Commonwealth Equity Services Inc bought a new position in shares of Spirit AeroSystems during the third quarter valued at about $228,000. Finally, Invictus RG grew its stake in shares of Spirit AeroSystems by 54.5% during the third quarter. Invictus RG now owns 3,300 shares of the aerospace company’s stock valued at $256,000 after buying an additional 1,164 shares during the last quarter. 96.18% of the stock is currently owned by hedge funds and other institutional investors.

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Spirit AeroSystems 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 (NYSE:SPR)

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