Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating reaffirmed by analysts at Seaport Global Securities in a report released on Thursday. They currently have a $120.00 price objective on the aerospace company’s stock. Seaport Global Securities’ target price points to a potential upside of 21.69% from the company’s current price. Seaport Global Securities also issued estimates for Spirit AeroSystems’ Q1 2018 earnings at $1.52 EPS, Q1 2019 earnings at $1.79 EPS, Q2 2019 earnings at $1.86 EPS, Q3 2019 earnings at $2.02 EPS, Q4 2019 earnings at $2.09 EPS and FY2019 earnings at $7.74 EPS.
Several other research analysts have also recently issued reports on SPR. Canaccord Genuity restated a “buy” rating and issued a $86.00 target price on shares of Spirit AeroSystems in a report on Tuesday, October 31st. Buckingham Research upped their target price on shares of Spirit AeroSystems from $53.00 to $66.00 and gave the company a “neutral” rating in a report on Thursday, September 28th. Royal Bank of Canada set a $77.00 target price on shares of Spirit AeroSystems and gave the company a “sell” rating in a report on Sunday, November 12th. Cowen restated an “outperform” rating and issued a $88.00 target price (up previously from $79.00) on shares of Spirit AeroSystems in a report on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Spirit AeroSystems currently has an average rating of “Buy” and a consensus target price of $87.78.
Shares of Spirit AeroSystems (SPR) opened at $98.61 on Thursday. Spirit AeroSystems has a 52-week low of $51.85 and a 52-week high of $99.42. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. The company has a market cap of $11,290.00, a P/E ratio of 34.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16.
In related news, Director Robert D. Johnson sold 500 shares of the stock in a transaction on Friday, December 1st. The shares were sold at an average price of $84.13, for a total transaction of $42,065.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at approximately $165,231.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Duane F. Hawkins sold 5,000 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $83.04, for a total transaction of $415,200.00. Following the sale, the senior vice president now owns 39,374 shares of the company’s stock, valued at approximately $3,269,616.96. The disclosure for this sale can be found here. 0.28% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of SPR. Boston Partners boosted its stake in Spirit AeroSystems by 74.5% during the 3rd quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock worth $328,791,000 after purchasing an additional 1,806,228 shares during the period. Wedge Capital Management L L P NC purchased a new position in Spirit AeroSystems during the 3rd quarter worth $52,067,000. Koch Industries Inc. purchased a new position in Spirit AeroSystems during the 2nd quarter worth $524,000. JPMorgan Chase & Co. raised its position in Spirit AeroSystems by 79.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 745,016 shares of the aerospace company’s stock worth $57,813,000 after buying an additional 330,903 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky purchased a new position in Spirit AeroSystems during the 2nd quarter worth $18,970,000. Hedge funds and other institutional investors own 96.18% of the company’s stock.
About Spirit AeroSystems
Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.