Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Free Report)’s share price gapped up prior to trading on Monday after UBS Group raised their price target on the stock from $33.00 to $34.00. The stock had previously closed at $32.87, but opened at $34.20. UBS Group currently has a neutral rating on the stock. Spirit AeroSystems shares last traded at $34.29, with a volume of 3,619,681 shares trading hands.
Several other research firms have also recently weighed in on SPR. StockNews.com cut shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Stifel Nicolaus lifted their price target on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. The Goldman Sachs Group upped their price objective on Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a research note on Tuesday, April 16th. Susquehanna boosted their target price on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Finally, Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, June 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $32.89.
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Spirit AeroSystems Price Performance
The business’s 50-day simple moving average is $31.29 and its two-hundred day simple moving average is $31.14. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of -3.93 and a beta of 1.84.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last issued its earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The business had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period in the previous year, the firm posted ($1.69) earnings per share. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. Equities research analysts forecast that Spirit AeroSystems Holdings, Inc. will post -2.94 earnings per share for the current year.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.
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