Spirit AeroSystems (SPR) Rating Reiterated by Seaport Global Securities
Spirit AeroSystems (NYSE:SPR)‘s stock had its “buy” rating reissued by investment analysts at Seaport Global Securities in a report issued on Thursday. They presently have a $120.00 price target 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.
A number of other equities analysts also recently issued reports on the stock. Wells Fargo & Co upgraded shares of Spirit AeroSystems from a “market perform” rating to an “outperform” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Spirit AeroSystems from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a report on Wednesday, January 10th. SunTrust Banks reiterated a “hold” rating and issued a $93.00 price target on shares of Spirit AeroSystems in a report on Tuesday, January 9th. ValuEngine downgraded shares of Spirit AeroSystems from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 5th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a report on Friday, November 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $87.78.
Spirit AeroSystems (NYSE:SPR) opened at $98.61 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.85 and a current ratio of 1.56. The company has a market cap of $11,290.00, a price-to-earnings ratio of 34.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.16. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $99.42.
Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.26. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems had a net margin of 4.98% and a return on equity of 31.14%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.16 EPS. sell-side analysts expect that Spirit AeroSystems will post 5.22 earnings per share for the current year.
In other Spirit AeroSystems news, Director Robert D. Johnson sold 500 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,964 shares in the company, valued at approximately $165,231.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Duane F. Hawkins sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $83.04, for a total transaction of $415,200.00. Following the transaction, the senior vice president now owns 39,374 shares of the company’s stock, valued at $3,269,616.96. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Livforsakringsbolaget Skandia Omsesidigt acquired a new stake in shares of Spirit AeroSystems during the 4th quarter worth about $166,000. Raymond James Trust N.A. acquired a new stake in shares of Spirit AeroSystems during the 2nd quarter worth about $200,000. Nine Chapters Capital Management LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter worth about $218,000. Quantitative Systematic Strategies LLC acquired a new stake in shares of Spirit AeroSystems during the 3rd quarter worth about $227,000. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Spirit AeroSystems by 23.2% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 3,930 shares of the aerospace company’s stock worth $228,000 after purchasing an additional 740 shares during the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.
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Spirit AeroSystems Company Profile
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.
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