Spirit AeroSystems (SPR) Stock Rating Lowered by ValuEngine

Spirit AeroSystems (NYSE:SPR) was downgraded by investment analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

Several other equities analysts have also weighed in on SPR. Morgan Stanley increased their price target on shares of Spirit AeroSystems from $66.00 to $81.00 and gave the company an “overweight” rating in a research report on Monday, August 7th. Cowen restated an “outperform” rating and set a $79.00 price target (up previously from $69.00) on shares of Spirit AeroSystems in a research report on Tuesday, August 8th. Canaccord Genuity restated a “buy” rating and set a $80.00 price target (up previously from $65.00) on shares of Spirit AeroSystems in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Thursday, August 10th. Finally, Goldman Sachs Group upgraded shares of Spirit AeroSystems from a “sell” rating to a “neutral” rating and increased their target price for the stock from $54.00 to $68.00 in a research report on Thursday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $80.95.

Spirit AeroSystems (SPR) opened at $83.64 on Tuesday. The firm has a market cap of $9,712.42, a PE ratio of 17.18, a P/E/G ratio of 1.49 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 has a 1 year low of $51.85 and a 1 year high of $84.96.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.26. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 earnings per share. equities analysts forecast that Spirit AeroSystems will post 5.22 EPS for the current year.

In other news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now directly 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 through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Insiders sold 12,100 shares of company stock valued at $962,099 over the last 90 days. 0.28% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Spirit AeroSystems by 2.4% in the second quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after acquiring an additional 148,240 shares during the period. Boston Partners boosted its position in shares of Spirit AeroSystems by 74.5% in the third quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock valued at $328,791,000 after acquiring an additional 1,806,228 shares during the period. LSV Asset Management boosted its position in shares of Spirit AeroSystems by 9.8% in the second quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock valued at $200,971,000 after acquiring an additional 308,900 shares during the period. Prudential PLC boosted its position in shares of Spirit AeroSystems by 2.8% in the second quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock valued at $163,489,000 after acquiring an additional 77,385 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in shares of Spirit AeroSystems by 1,425.0% in the second quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after acquiring an additional 2,107,710 shares during the period. Institutional investors own 96.21% of the company’s stock.

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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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