Spirit AeroSystems Holdings, Inc. (NYSE: SPR) received an average rating of “Buy” from the sixteen brokerage firms covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and eleven with a buy rating. The average twelve-month target price among brokers who have covered the stock over the past year is $ 48.27.
Several equity analysts recently released reports on SPR stocks. Credit Suisse Group lowered its price target for Spirit AeroSystems shares from USD 62.00 to USD 58.00 and rated the share as “Outperform” in a report on Thursday, August 5. Bank of America upgraded Spirit AeroSystems’ shares from an “underperform” rating to a “buy” rating and set a price target of $ 50.00 on the stock in a report dated Friday, August 6th. Susquehanna cut her price target on Spirit AeroSystems stock from $ 60.00 to $ 54.00 and rated the stock as “positive” in a report dated Thursday, August 5th. Cowen raised his price target on Spirit AeroSystems shares from USD 60.00 to USD 70.00 and rated the company as “outperform” in a report on Tuesday, June 22nd. Finally, Zacks Investment Research upgraded Spirit AeroSystems’ shares from a “sell” rating to a “hold” rating and in a report on Thursday, July 29th, set a price target of $ 47.00 for the stock.
NYSE SPR opened at $ 39.25 on Thursday. The company has a market capitalization of $ 4.14 billion, a price / earnings ratio of -5.38, and a beta of 2.10. Spirit AeroSystems has a 52-week low of $ 17.26 and a 52-week high of $ 53.63. The company has a quick ratio of 1.62, a current ratio of 2.48, and debt of 6.34. The company has a fifty day moving average of $ 43.13 and a two hundred day moving average of $ 45.66.
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Spirit AeroSystems (NYSE: SPR) last released its earnings results on Tuesday, August 3rd. The aerospace company reported earnings per share (EPS) ($ 0.31) for the quarter, beating Zacks’ consensus estimate ($ 0.70) by $ 0.39. The company had revenue of $ 1 billion for the quarter, compared to analyst estimates of $ 956.45 million. Spirit AeroSystems had a negative net margin of 21.15% and a negative return on equity of 52.84%. The company’s revenue increased 55.3% year over year. For the same period last year, the company had earnings per share ($ 2.28). Equity research analysts expect Spirit AeroSystems to post -2.73 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 4th. Shareholders of record on Monday September 13th will receive a dividend of $ 0.01. The ex-dividend date is Friday, September 10th. This equates to an annualized dividend of $ 0.04 and a yield of 0.10%. The payout ratio of Spirit AeroSystems is currently -0.70%.
A number of institutional investors recently increased or decreased their holdings in SPR. Wedbush Securities Inc. acquired a new stake in Spirit AeroSystems in the first quarter valued at approximately $ 436,000. Fisher Asset Management LLC increased its stake in Spirit AeroSystems by 5.6% in the first quarter. Fisher Asset Management LLC now owns 119,040 shares of the aerospace company valued at $ 5,791,000 after purchasing an additional 6,272 shares during the reporting period. Janney Montgomery Scott LLC took on a new position at Spirit AeroSystems in the 1st quarter valued at $ 1,192,000. US Bancorp DE increased its stake in Spirit AeroSystems by 537.5% in the first quarter. US Bancorp DE now owns 32,125 shares of the aerospace company valued at $ 1,563,000 after buying an additional 27,086 shares last quarter. Ultimately, SR Schill & Associates acquired a new stake in Spirit AeroSystems for $ 248,000 in the first quarter. Institutional investors and hedge funds own 73.06% of the company’s stock.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc. designs and manufactures aircraft structures for commercial and defense aircraft. It operates in the following segments: Fuselage Systems, Propulsion Systems, Wing Systems, and All Others. The torso systems segment develops, produces and markets front, middle and rear fuselage sections and systems.
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