Spirit AeroSystems Holdings, Inc. (SPR) Receives $105.67 Consensus PT from Analysts
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned an average recommendation of “Buy” from the nineteen analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $105.67.
A number of analysts have recently issued reports on SPR shares. ValuEngine downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Bank of America lowered their price objective on shares of Spirit AeroSystems from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Thursday, August 2nd. Credit Suisse Group lowered their price objective on shares of Spirit AeroSystems from $112.00 to $102.00 and set an “outperform” rating on the stock in a report on Thursday, August 2nd. Cowen reiterated a “buy” rating and issued a $100.00 price objective on shares of Spirit AeroSystems in a report on Wednesday, August 1st. Finally, Morgan Stanley lowered their price objective on shares of Spirit AeroSystems from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Thursday, July 12th.
In related news, Director Robert D. Johnson sold 500 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $85.37, for a total transaction of $42,685.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Duane F. Hawkins sold 3,500 shares of the business’s stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $85.50, for a total transaction of $299,250.00. Following the transaction, the senior vice president now owns 41,191 shares in the company, valued at $3,521,830.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 18,920 shares of company stock worth $1,644,796. 0.87% of the stock is owned by corporate insiders.
SPR traded up $0.13 during trading on Wednesday, reaching $82.68. The company had a trading volume of 41,561 shares, compared to its average volume of 1,015,862. The company has a debt-to-equity ratio of 1.95, a quick ratio of 1.04 and a current ratio of 1.52. Spirit AeroSystems has a 12 month low of $76.00 and a 12 month high of $105.20. The firm has a market cap of $8.79 billion, a P/E ratio of 15.37, a PEG ratio of 1.23 and a beta of 1.26.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 1st. The aerospace company reported $1.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.51 by $0.12. Spirit AeroSystems had a net margin of 7.68% and a return on equity of 39.74%. The firm had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The business’s revenue was up .6% on a year-over-year basis. On average, sell-side analysts anticipate that Spirit AeroSystems will post 6.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 9th. Investors of record on Monday, September 17th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, September 14th. This represents a $0.48 dividend on an annualized basis and a yield of 0.58%. Spirit AeroSystems’s payout ratio is 8.97%.
Spirit AeroSystems Company Profile
Spirit AeroSystems Holdings, Inc, through its subsidiaries, designs, manufactures, and supplies commercial aero structures worldwide. It operates through 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 offers related spares and maintenance, repairs, and overhaul (MRO) services.
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