Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating reaffirmed by investment analysts at Canaccord Genuity in a report issued on Monday.
A number of other brokerages have also issued reports on SPR. Royal Bank of Canada set a $77.00 price target on Spirit AeroSystems and gave the company a “sell” rating in a report on Sunday, November 12th. Zacks Investment Research upgraded Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, January 10th. Wells Fargo & Co reiterated a “market perform” rating and issued a $85.00 price target (up previously from $78.00) on shares of Spirit AeroSystems in a report on Thursday, November 2nd. Sanford C. Bernstein reiterated an “in-line” rating and issued a $98.00 price target (up previously from $87.00) on shares of Spirit AeroSystems in a report on Thursday, November 2nd. Finally, ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $92.67.
Spirit AeroSystems (NYSE:SPR) opened at $101.41 on Monday. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $101.53. The stock has a market capitalization of $11,725.43, a P/E ratio of 35.71, a price-to-earnings-growth ratio of 1.62 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.
In other Spirit AeroSystems news, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was 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 owns 39,374 shares in the company, valued at $3,269,616.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert D. Johnson sold 500 shares of the company’s stock in a transaction 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 sale, the director now owns 1,964 shares of the company’s stock, valued at approximately $165,231.32. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Spirit AeroSystems during the fourth quarter worth $130,000. Livforsakringsbolaget Skandia Omsesidigt acquired a new position in shares of Spirit AeroSystems during the fourth quarter worth $166,000. Nine Chapters Capital Management LLC acquired a new position in shares of Spirit AeroSystems during the third quarter worth $218,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Spirit AeroSystems during the third quarter worth $227,000. Finally, Hillsdale Investment Management Inc. increased its position in shares of Spirit AeroSystems by 23.2% during the second quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares in the last quarter. 96.47% of the stock is currently owned by institutional investors and hedge funds.
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.
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