Spirit AeroSystems (NYSE:SPR) received a $100.00 target price from stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday. The brokerage currently has a “sell” rating on the aerospace company’s stock. Royal Bank of Canada’s price objective suggests a potential upside of 0.41% from the stock’s current price.
A number of other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $89.00 price target on the stock in a research report on Wednesday, October 11th. Citigroup reissued a “buy” rating and set a $91.00 price target (up from $85.00) on shares of Spirit AeroSystems in a research report on Monday, October 9th. Credit Suisse Group lifted their price target on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. ValuEngine cut shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Finally, Canaccord Genuity reissued a “buy” rating and set a $86.00 price target on shares of Spirit AeroSystems in a research report on Friday, November 17th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Spirit AeroSystems has an average rating of “Buy” and a consensus price target of $90.28.
Spirit AeroSystems (SPR) traded down $0.46 on Tuesday, reaching $99.59. 722,200 shares of the company’s stock were exchanged, compared to its average volume of 951,760. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $100.63. The firm has a market cap of $11,568.18, a price-to-earnings ratio of 35.07, a PEG ratio of 1.59 and a beta of 1.16.
In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total value of $42,065.00. Following the sale, the director now directly owns 1,964 shares of the company’s stock, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the completion of the sale, the senior vice president now directly owns 39,374 shares in the company, valued at $3,269,616.96. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Janus Capital Management increased its stake in Spirit AeroSystems by 11.4% in the 3rd quarter. Janus Capital Management now owns 472,600 shares of the aerospace company’s stock valued at $22,845,000 after buying an additional 48,300 shares during the last quarter. Gargoyle Investment Advisor L.L.C. acquired a new stake in Spirit AeroSystems in the 4th quarter valued at $745,000. Capital Fund Management S.A. increased its stake in Spirit AeroSystems by 748.4% in the 4th quarter. Capital Fund Management S.A. now owns 255,379 shares of the aerospace company’s stock valued at $12,787,000 after buying an additional 225,279 shares during the last quarter. Neuberger Berman Group LLC increased its stake in Spirit AeroSystems by 2.7% in the 4th quarter. Neuberger Berman Group LLC now owns 1,507,174 shares of the aerospace company’s stock valued at $75,464,000 after buying an additional 39,692 shares during the last quarter. Finally, BRC Investment Management LLC increased its stake in Spirit AeroSystems by 1,362.9% in the 4th quarter. BRC Investment Management LLC now owns 198,687 shares of the aerospace company’s stock valued at $9,948,000 after buying an additional 185,105 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors and hedge funds.
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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.
