Spirit Aerosystems Holdings, Inc. (NYSE:SPR) has been assigned a $77.00 price target by investment analysts at Royal Bank Of Canada in a research note issued on Sunday. The brokerage presently has a “sell” rating on the aerospace company’s stock. Royal Bank Of Canada’s price target indicates a potential downside of 4.58% from the company’s current price.

Other research analysts also recently issued reports about the stock. Berenberg Bank started coverage on shares of Spirit Aerosystems Holdings in a research report on Tuesday, November 7th. They set a “buy” rating and a $100.00 price objective for the company. Zacks Investment Research downgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Canaccord Genuity restated a “buy” rating and set a $86.00 price objective on shares of Spirit Aerosystems Holdings in a research report on Tuesday, October 31st. Wells Fargo & Company restated a “market perform” rating and set a $85.00 price objective (up from $78.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, November 2nd. Finally, Sanford C. Bernstein restated an “in-line” rating and set a $98.00 price objective (up from $87.00) on shares of Spirit Aerosystems Holdings in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $79.95.

Shares of Spirit Aerosystems Holdings (NYSE:SPR) traded up $0.50 during mid-day trading on Friday, hitting $80.70. The company had a trading volume of 518,200 shares, compared to its average volume of 1,009,267. The company has a current ratio of 1.56, a quick ratio of 0.85 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $9,330.86, a PE ratio of 16.50, a P/E/G ratio of 1.43 and a beta of 1.16. Spirit Aerosystems Holdings has a fifty-two week low of $51.85 and a fifty-two week high of $84.75.

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

Spirit Aerosystems Holdings announced that its Board of Directors has authorized a stock repurchase program on Wednesday, August 2nd that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the aerospace company to reacquire up to 4.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

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In other Spirit Aerosystems Holdings news, SVP Duane F. Hawkins sold 5,000 shares of the company’s stock in a transaction on Monday, November 6th. The shares were 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 $3,269,616.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Charles L. Chadwell sold 6,600 shares of the company’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now directly owns 23,828 shares in the company, valued at approximately $1,822,603.72. The disclosure for this sale can be found here. In the last three months, insiders sold 21,688 shares of company stock worth $1,672,599. 0.28% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Homrich & Berg raised its holdings in shares of Spirit Aerosystems Holdings by 0.5% in the 2nd quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock worth $424,000 after acquiring an additional 38 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in shares of Spirit Aerosystems Holdings by 0.7% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock worth $794,000 after acquiring an additional 100 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Spirit Aerosystems Holdings by 9.5% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 160 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Spirit Aerosystems Holdings by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 222 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of Spirit Aerosystems Holdings by 2.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 9,750 shares of the aerospace company’s stock worth $565,000 after acquiring an additional 222 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.

About Spirit Aerosystems Holdings

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 Holdings (NYSE:SPR)

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