Robert W. Baird Reaffirms Buy Rating for Spirit AeroSystems (SPR)

Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating reissued by investment analysts at Robert W. Baird in a note issued to investors on Monday. They currently have a $129.00 target price on the aerospace company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 27.21% from the company’s current price.

Other research analysts have also issued reports about the company. Zacks Investment Research raised Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research report on Wednesday, January 10th. ValuEngine lowered Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, December 5th. Canaccord Genuity reissued a “buy” rating and issued a $86.00 price objective on shares of Spirit AeroSystems in a research report on Tuesday, October 31st. Royal Bank of Canada set a $77.00 price objective on Spirit AeroSystems and gave the company a “sell” rating in a research report on Sunday, November 12th. Finally, Credit Suisse Group raised their price objective on Spirit AeroSystems from $88.00 to $97.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $92.67.

Spirit AeroSystems (NYSE:SPR) opened at $101.41 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit AeroSystems has a 52-week low of $51.85 and a 52-week high of $101.53. The company has a market capitalization of $11,725.43, a PE ratio of 20.74, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS 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 company had revenue of $1.75 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period last year, the company posted $1.16 earnings per share. The firm’s revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Spirit AeroSystems will post 5.22 EPS for the current fiscal year.

In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems 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 directly owns 1,964 shares of the company’s stock, valued at $165,231.32. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of Spirit AeroSystems stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $83.04, for a total value of $415,200.00. Following 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. 0.28% of the stock is currently owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Cigna Investments Inc. New bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $399,000. Robeco Institutional Asset Management B.V. increased its holdings in Spirit AeroSystems by 102.8% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 90,322 shares of the aerospace company’s stock valued at $7,885,000 after buying an additional 45,795 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $649,000. APG Asset Management N.V. increased its holdings in Spirit AeroSystems by 167.3% in the fourth quarter. APG Asset Management N.V. now owns 454,400 shares of the aerospace company’s stock valued at $33,017,000 after buying an additional 284,400 shares during the last quarter. Finally, First American Bank bought a new stake in Spirit AeroSystems in the fourth quarter valued at about $1,345,000. 96.47% of the stock is 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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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