Spirit AeroSystems (SPR) Rating Reiterated by Seaport Global Securities

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.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.26. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The company had revenue of $1.75 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted $1.16 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. equities research analysts anticipate that Spirit AeroSystems will post 5.22 earnings per share for the current year.

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.

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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.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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