Analysts Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Price Target at $94.43

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $94.43.

A number of research firms have recently weighed in on SPR. Morgan Stanley cut their price target on shares of Spirit AeroSystems from $103.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, August 14th. ValuEngine upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Jefferies Financial Group downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and cut their price target for the company from $106.00 to $85.00 in a report on Tuesday, July 2nd. SunTrust Banks downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating and cut their price target for the company from $93.00 to $75.00 in a report on Friday, June 14th. Finally, Cowen restated a “hold” rating and set a $90.00 price target on shares of Spirit AeroSystems in a report on Monday, July 8th.

Shares of NYSE:SPR opened at $82.34 on Wednesday. The firm has a fifty day moving average of $80.63 and a two-hundred day moving average of $82.00. The firm has a market capitalization of $8.52 billion, a P/E ratio of 13.15, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. Spirit AeroSystems has a 12-month low of $64.48 and a 12-month high of $100.34. The company has a quick ratio of 1.42, a current ratio of 1.96 and a debt-to-equity ratio of 1.47.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, July 31st. The aerospace company reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. Spirit AeroSystems had a net margin of 8.88% and a return on equity of 56.85%. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $1.63 EPS. Equities research analysts expect that Spirit AeroSystems will post 6.83 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 7th. Stockholders of record on Monday, September 16th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, September 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.58%. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 7.67%.

In other news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.58, for a total transaction of $39,790.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in Spirit AeroSystems by 15.5% in the second quarter. AQR Capital Management LLC now owns 5,376,020 shares of the aerospace company’s stock valued at $431,748,000 after buying an additional 721,914 shares in the last quarter. Scopia Capital Management LP boosted its position in Spirit AeroSystems by 12.5% in the second quarter. Scopia Capital Management LP now owns 2,564,326 shares of the aerospace company’s stock valued at $208,659,000 after buying an additional 284,043 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its position in Spirit AeroSystems by 6.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 2,388,071 shares of the aerospace company’s stock valued at $194,317,000 after buying an additional 143,225 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Spirit AeroSystems by 24.6% in the second quarter. UBS Asset Management Americas Inc. now owns 1,842,436 shares of the aerospace company’s stock valued at $149,919,000 after buying an additional 363,725 shares in the last quarter. Finally, Boston Partners boosted its position in Spirit AeroSystems by 48.3% in the second quarter. Boston Partners now owns 1,703,347 shares of the aerospace company’s stock valued at $138,550,000 after buying an additional 554,842 shares in the last quarter. Institutional investors and hedge funds own 97.25% of the company’s stock.

Spirit AeroSystems Company Profile

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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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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