Spirit AeroSystems (NYSE:SPR) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Tuesday.

SPR has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. Citigroup restated a “buy” rating and issued a $91.00 price target (up from $85.00) on shares of Spirit AeroSystems in a research report on Monday, October 9th. Berenberg Bank began coverage on shares of Spirit AeroSystems in a research report on Tuesday, November 7th. They issued a “buy” rating and a $100.00 price target on the stock. Robert W. Baird restated a “buy” rating and issued a $86.00 price target on shares of Spirit AeroSystems in a research report on Friday, September 8th. Finally, Credit Suisse Group raised their price target on shares of Spirit AeroSystems from $88.00 to $97.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Two 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. Spirit AeroSystems has a consensus rating of “Hold” and an average price target of $79.95.

Spirit AeroSystems (SPR) traded down $1.76 during midday trading on Tuesday, reaching $82.24. 999,665 shares of the company’s stock were exchanged, compared to its average volume of 1,031,859. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $84.96. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60. The company has a market cap of $9,593.32, a P/E ratio of 16.97, a price-to-earnings-growth ratio of 1.47 and a beta of 1.16.

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

In related news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at approximately $1,822,603.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP John A. Pilla sold 10,088 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the sale, the senior vice president now directly owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 22,188 shares of company stock worth $1,714,664. Corporate insiders own 0.28% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Spirit AeroSystems by 2.4% during the 2nd quarter. BlackRock Inc. now owns 6,280,205 shares of the aerospace company’s stock valued at $363,874,000 after buying an additional 148,240 shares during the period. Boston Partners increased its stake in Spirit AeroSystems by 74.5% during the 3rd quarter. Boston Partners now owns 4,230,462 shares of the aerospace company’s stock valued at $328,791,000 after buying an additional 1,806,228 shares during the period. LSV Asset Management increased its stake in Spirit AeroSystems by 9.8% during the 2nd quarter. LSV Asset Management now owns 3,468,615 shares of the aerospace company’s stock valued at $200,971,000 after buying an additional 308,900 shares during the period. Prudential PLC increased its stake in Spirit AeroSystems by 2.8% during the 2nd quarter. Prudential PLC now owns 2,821,693 shares of the aerospace company’s stock valued at $163,489,000 after buying an additional 77,385 shares during the period. Finally, UBS Asset Management Americas Inc. increased its stake in Spirit AeroSystems by 1,425.0% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,255,618 shares of the aerospace company’s stock valued at $130,691,000 after buying an additional 2,107,710 shares during the period. 96.21% of the stock is currently owned by institutional investors and hedge funds.

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About Spirit AeroSystems

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 (NYSE:SPR)

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