Spirit AeroSystems (NYSE:SPR)‘s stock had its “hold” rating restated by stock analysts at Cowen in a report released on Tuesday, AnalystRatings.com reports. They currently have a $93.00 price target on the aerospace company’s stock. Cowen’s price target indicates a potential upside of 7.63% from the stock’s current price.
Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 10th. Canaccord Genuity downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and lowered their target price for the stock from $100.00 to $92.00 in a report on Monday, April 8th. Barclays reissued a “buy” rating on shares of Spirit AeroSystems in a report on Wednesday, March 13th. Vertical Research cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $103.00 price target on the stock. in a research report on Wednesday, March 6th. Finally, Seaport Global Securities cut shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and set a $98.64 price target on the stock. in a research report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Spirit AeroSystems has an average rating of “Buy” and an average price target of $101.47.
SPR stock opened at $86.41 on Tuesday. Spirit AeroSystems has a one year low of $64.48 and a one year high of $100.34. The company has a current ratio of 1.80, a quick ratio of 1.16 and a debt-to-equity ratio of 1.51. The firm has a market capitalization of $9.23 billion, a PE ratio of 13.80, a P/E/G ratio of 1.47 and a beta of 1.44.
In related news, Director Paul E. Fulchino sold 15,000 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $92.49, for a total value of $1,387,350.00. Following the sale, the director now owns 47,234 shares in the company, valued at $4,368,672.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul E. Fulchino sold 20,000 shares of the business’s stock in a transaction on Friday, February 15th. The stock was sold at an average price of $95.33, for a total transaction of $1,906,600.00. Following the completion of the sale, the director now owns 12,234 shares in the company, valued at approximately $1,166,267.22. The disclosure for this sale can be found here. Insiders sold 53,700 shares of company stock worth $5,032,198 in the last 90 days. 0.84% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Truvestments Capital LLC bought a new position in Spirit AeroSystems during the first quarter valued at $42,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Spirit AeroSystems by 66.7% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 500 shares of the aerospace company’s stock valued at $36,000 after acquiring an additional 200 shares during the last quarter. Doyle Wealth Management bought a new position in Spirit AeroSystems during the fourth quarter valued at $40,000. Bessemer Group Inc. increased its position in Spirit AeroSystems by 96.7% during the fourth quarter. Bessemer Group Inc. now owns 836 shares of the aerospace company’s stock valued at $60,000 after acquiring an additional 411 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. bought a new position in Spirit AeroSystems during the fourth quarter valued at $80,000. Institutional investors own 95.60% of the company’s stock.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.
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