Spirit AeroSystems (SPR) Receives “Buy” Rating from Seaport Global Securities
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.
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.
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