Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $40.79 Consensus PT from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a consensus recommendation of “Hold” from the twenty-one ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $40.79.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on Spirit AeroSystems from $36.00 to $45.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 15th. Morgan Stanley raised their price objective on Spirit AeroSystems from $50.00 to $54.00 and gave the stock an “overweight” rating in a research report on Monday, March 22nd. Canaccord Genuity raised their price objective on Spirit AeroSystems from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Tuesday, March 2nd. Credit Suisse Group upgraded Spirit AeroSystems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $29.00 to $50.00 in a research report on Thursday, January 21st. Finally, Robert W. Baird upgraded Spirit AeroSystems from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $23.00 to $53.00 in a research report on Monday, January 11th.

Shares of NYSE:SPR traded down $0.70 during midday trading on Monday, reaching $47.83. The company had a trading volume of 10,340 shares, compared to its average volume of 2,924,035. The company has a debt-to-equity ratio of 2.27, a quick ratio of 1.62 and a current ratio of 2.41. Spirit AeroSystems has a 1-year low of $15.66 and a 1-year high of $53.63. The firm has a market cap of $5.04 billion, a price-to-earnings ratio of -9.94 and a beta of 2.04. The company has a fifty day simple moving average of $47.12 and a two-hundred day simple moving average of $35.13.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Monday, February 22nd. The aerospace company reported ($1.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.67) by ($0.64). Spirit AeroSystems had a negative net margin of 11.29% and a negative return on equity of 26.56%. The company had revenue of $877.00 million during the quarter, compared to analyst estimates of $885.27 million. During the same quarter last year, the business earned $0.79 EPS. The company’s revenue for the quarter was down 55.2% compared to the same quarter last year. Analysts expect that Spirit AeroSystems will post -5.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 9th. Shareholders of record on Friday, March 19th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.08%. The ex-dividend date of this dividend is Thursday, March 18th. Spirit AeroSystems’s dividend payout ratio is currently 0.72%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hodges Capital Management Inc. increased its position in Spirit AeroSystems by 635.1% in the 1st quarter. Hodges Capital Management Inc. now owns 176,610 shares of the aerospace company’s stock worth $8,592,000 after buying an additional 152,585 shares during the period. Amundi Pioneer Asset Management Inc. bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $48,319,000. Hudson Bay Capital Management LP bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $8,881,000. Norges Bank bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $57,030,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Spirit AeroSystems in the 4th quarter worth approximately $5,652,000. 73.91% of the stock is currently owned by institutional investors.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs and manufactures commercial aerostructures worldwide. It operates through 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 other structure components of the fuselage, such as floor beams.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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