Several analysts have recently updated their ratings and price targets for Spirit Aerosystems Holdings (NYSE: SPR):

  • 8/10/2017 – Spirit Aerosystems Holdings was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $79.00 price target on the stock. According to Zacks, “SPIRIT AEROSYSTEMS is the world’s largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit’s core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus. “
  • 8/10/2017 – Spirit Aerosystems Holdings was upgraded by analysts at Goldman Sachs Group, Inc. (The) from a “sell” rating to a “neutral” rating. They now have a $68.00 price target on the stock, up previously from $54.00.
  • 8/9/2017 – Spirit Aerosystems Holdings had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $80.00 price target on the stock, up previously from $65.00.
  • 8/8/2017 – Spirit Aerosystems Holdings had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $79.00 price target on the stock, up previously from $69.00.
  • 8/7/2017 – Spirit Aerosystems Holdings had its price target raised by analysts at Morgan Stanley from $66.00 to $81.00. They now have an “overweight” rating on the stock.
  • 8/5/2017 – Spirit Aerosystems Holdings was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/3/2017 – Spirit Aerosystems Holdings was upgraded by analysts at Seaport Global Securities from a “neutral” rating to a “buy” rating. They now have a $83.00 price target on the stock, up previously from $62.00.
  • 8/3/2017 – Spirit Aerosystems Holdings had its “outperform” rating reaffirmed by analysts at Credit Suisse Group. They now have a $80.00 price target on the stock, up previously from $74.00.
  • 8/3/2017 – Spirit Aerosystems Holdings had its price target raised by analysts at Canaccord Genuity from $65.00 to $80.00. They now have a “buy” rating on the stock.
  • 8/2/2017 – Spirit Aerosystems Holdings had its “buy” rating reaffirmed by analysts at Cowen and Company. They now have a $69.00 price target on the stock. They wrote, “Investors should be positive to signed Boeing MOU, Q2’s underlying ops beat, solid.””
  • 7/27/2017 – Spirit Aerosystems Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/25/2017 – Spirit Aerosystems Holdings had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $68.00 price target on the stock.
  • 7/13/2017 – Spirit Aerosystems Holdings had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $66.00 price target on the stock, down previously from $67.00.
  • 7/13/2017 – Spirit Aerosystems Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 6/24/2017 – Spirit Aerosystems Holdings was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 6/22/2017 – Spirit Aerosystems Holdings was given a new $68.00 price target on by analysts at Jefferies Group LLC. They now have a “buy” rating on the stock.
  • 6/13/2017 – Spirit Aerosystems Holdings was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.

Shares of Spirit Aerosystems Holdings, Inc. (SPR) traded down 1.33% during mid-day trading on Thursday, reaching $68.81. 880,514 shares of the company’s stock were exchanged. Spirit Aerosystems Holdings, Inc. has a 52-week low of $42.26 and a 52-week high of $73.86. The company’s 50-day moving average price is $61.29 and its 200 day moving average price is $58.26. The company has a market cap of $8.14 billion, a PE ratio of 24.71 and a beta of 1.36.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.20 by $0.37. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the business posted $1.21 EPS. The business’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts predict that Spirit Aerosystems Holdings, Inc. will post $5.16 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 10th. Stockholders of record on Monday, September 18th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.58%. Spirit Aerosystems Holdings’s payout ratio is 14.60%.

In other news, Director Richard A. Gephardt sold 4,247 shares of the company’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $58.00, for a total value of $246,326.00. Following the completion of the sale, the director now owns 1,964 shares in the company, valued at approximately $113,912. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

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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