Spirit Aerosystems Holdings Inc. (NYSE:SPR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday. The firm currently has a $63.00 target price on the stock. Zacks Investment Research’s price objective suggests a potential upside of 12.72% from the company’s current price.

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. “

A number of other brokerages have also weighed in on SPR. Vertical Research initiated coverage on shares of Spirit Aerosystems Holdings in a report on Friday, October 28th. They issued a “hold” rating for the company. Robert W. Baird initiated coverage on shares of Spirit Aerosystems Holdings in a report on Wednesday, October 5th. They issued an “outperform” rating and a $54.00 price target for the company. Vertical Group lowered shares of Spirit Aerosystems Holdings from a “buy” rating to a “hold” rating in a report on Monday, October 31st. Credit Suisse Group AG reissued a “buy” rating and issued a $62.00 price target on shares of Spirit Aerosystems Holdings in a report on Friday, November 4th. Finally, Standpoint Research reissued a “buy” rating on shares of Spirit Aerosystems Holdings in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $56.00.

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

Shares of Spirit Aerosystems Holdings (NYSE:SPR) opened at 55.89 on Wednesday. The firm has a market cap of $6.80 billion, a P/E ratio of 14.66 and a beta of 1.26. Spirit Aerosystems Holdings has a 12 month low of $40.03 and a 12 month high of $56.04. The stock’s 50 day moving average price is $48.64 and its 200-day moving average price is $45.90.

Spirit Aerosystems Holdings (NYSE:SPR) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $1.16 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.09. The company earned $1.71 billion during the quarter, compared to analyst estimates of $1.64 billion. Spirit Aerosystems Holdings had a net margin of 7.32% and a return on equity of 29.92%. The company’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share. Equities research analysts anticipate that Spirit Aerosystems Holdings will post $4.59 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of SPR. PNC Financial Services Group Inc. raised its stake in shares of Spirit Aerosystems Holdings by 65.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,441 shares of the company’s stock valued at $105,000 after buying an additional 965 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Spirit Aerosystems Holdings by 351.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,511 shares of the company’s stock valued at $108,000 after buying an additional 1,955 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at about $119,000. Advisor Group Inc. acquired a new stake in shares of Spirit Aerosystems Holdings during the second quarter valued at about $125,000. Finally, American International Group Inc. raised its stake in shares of Spirit Aerosystems Holdings by 5.4% in the second quarter. American International Group Inc. now owns 3,831 shares of the company’s stock valued at $165,000 after buying an additional 196 shares during the last quarter. Hedge funds and other institutional investors own 99.63% of the company’s stock.

Spirit Aerosystems Holdings 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 a supplier of aero-structures to The Boeing Company (Boeing) and Airbus SAS (Airbus). The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

5 Day Chart for NYSE:SPR

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