ValuEngine Upgrades Spirit AeroSystems (SPR) to “Hold”

Share on StockTwits

Spirit AeroSystems (NYSE:SPR) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

Several other brokerages have also weighed in on SPR. Zacks Investment Research lowered shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Thursday, January 17th. Wells Fargo & Co set a $105.00 target price on shares of Spirit AeroSystems and gave the stock a “buy” rating in a research note on Thursday, November 1st. Credit Suisse Group increased their target price on shares of Spirit AeroSystems from $102.00 to $103.00 and gave the stock an “outperform” rating in a research note on Thursday, November 1st. Bank of America raised shares of Spirit AeroSystems from a “neutral” rating to a “buy” rating and increased their target price for the stock from $100.00 to $105.00 in a research note on Thursday, November 8th. Finally, Standpoint Research raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Friday, October 12th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $104.42.

Shares of SPR stock opened at $83.40 on Wednesday. The company has a quick ratio of 1.06, a current ratio of 1.57 and a debt-to-equity ratio of 1.67. The stock has a market cap of $8.66 billion, a price-to-earnings ratio of 15.59, a P/E/G ratio of 1.43 and a beta of 1.19. Spirit AeroSystems has a 1-year low of $64.48 and a 1-year high of $105.20.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, October 31st. The aerospace company reported $1.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.07. The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.83 billion. Spirit AeroSystems had a net margin of 7.92% and a return on equity of 46.86%. Spirit AeroSystems’s revenue was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Equities research analysts anticipate that Spirit AeroSystems will post 6.2 earnings per share for the current fiscal year.

In related news, Director Robert D. Johnson sold 500 shares of Spirit AeroSystems stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $82.90, for a total value of $41,450.00. Following the completion of the transaction, the director now owns 1,493 shares in the company, valued at $123,769.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP John A. Pilla sold 9,642 shares of Spirit AeroSystems stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $84.01, for a total transaction of $810,024.42. Following the completion of the transaction, the senior vice president now owns 21,866 shares of the company’s stock, valued at approximately $1,836,962.66. The disclosure for this sale can be found here. Company insiders own 0.87% of the company’s stock.

A number of institutional investors have recently modified their holdings of SPR. MERIAN GLOBAL INVESTORS UK Ltd purchased a new position in Spirit AeroSystems in the third quarter worth approximately $70,756,000. OZ Management LP lifted its stake in Spirit AeroSystems by 33.1% in the third quarter. OZ Management LP now owns 2,711,165 shares of the aerospace company’s stock worth $248,533,000 after acquiring an additional 674,692 shares during the last quarter. Scopia Capital Management LP lifted its stake in Spirit AeroSystems by 6.1% in the third quarter. Scopia Capital Management LP now owns 5,361,113 shares of the aerospace company’s stock worth $491,453,000 after acquiring an additional 310,584 shares during the last quarter. FMR LLC lifted its stake in Spirit AeroSystems by 12.9% in the third quarter. FMR LLC now owns 2,321,501 shares of the aerospace company’s stock worth $212,811,000 after acquiring an additional 265,361 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its stake in Spirit AeroSystems by 111.9% in the third quarter. Artemis Investment Management LLP now owns 429,621 shares of the aerospace company’s stock worth $39,386,000 after acquiring an additional 226,848 shares during the last quarter. Institutional investors own 96.77% of the company’s stock.

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.

Read More: Do Tariffs Work?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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.



Latest News

Pebblebrook Hotel Trust  Increases Dividend to $0.38 Per Share
Pebblebrook Hotel Trust Increases Dividend to $0.38 Per Share
APN Industria REIT  To Go Ex-Dividend on March 28th
APN Industria REIT To Go Ex-Dividend on March 28th
Volution Group PLC  Announces Dividend of GBX 1.60
Volution Group PLC Announces Dividend of GBX 1.60
Insider Selling: Ambarella Inc  VP Sells 3,700 Shares of Stock
Insider Selling: Ambarella Inc VP Sells 3,700 Shares of Stock
iShares Morningstar Mid-Cap Value ETF  Shares Bought by MML Investors Services LLC
iShares Morningstar Mid-Cap Value ETF Shares Bought by MML Investors Services LLC
Zacks: Analysts Expect Cloudera Inc  Will Announce Earnings of -$0.23 Per Share
Zacks: Analysts Expect Cloudera Inc Will Announce Earnings of -$0.23 Per Share


© 2006-2019 Ticker Report