Spirit Aerosystems Holdings, Inc. (NYSE:SPR) had its price objective upped by analysts at Jefferies Group LLC to $90.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “buy” rating on the aerospace company’s stock. Jefferies Group LLC’s target price points to a potential upside of 15.18% from the company’s current price.

A number of other brokerages also recently weighed in on SPR. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $83.00 in a research note on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a “sell” rating to a “neutral” rating and raised their target price for the company from $54.00 to $68.00 in a research note on Thursday, August 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $85.00 target price on shares of Spirit Aerosystems Holdings in a research note on Tuesday. Canaccord Genuity reaffirmed a “buy” rating and issued a $80.00 target price (up from $65.00) on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 9th. Finally, Zacks Investment Research raised shares of Spirit Aerosystems Holdings from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $75.47.

Shares of Spirit Aerosystems Holdings (SPR) opened at 78.14 on Thursday. Spirit Aerosystems Holdings has a one year low of $43.30 and a one year high of $79.21. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 28.06 and a beta of 1.31. The company’s 50 day moving average is $72.33 and its 200 day moving average is $61.20.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported $1.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. Equities research analysts predict that Spirit Aerosystems Holdings will post $5.22 earnings per share for the current year.

Spirit Aerosystems Holdings declared that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the aerospace company to purchase up to 4.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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In other news, Director Charles L. Chadwell sold 6,600 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total value of $504,834.00. Following the transaction, the director now owns 23,828 shares in the company, valued at $1,822,603.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John A. Pilla sold 10,088 shares of the firm’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of SPR. World Asset Management Inc grew its holdings in shares of Spirit Aerosystems Holdings by 11.1% in the first quarter. World Asset Management Inc now owns 4,961 shares of the aerospace company’s stock worth $287,000 after purchasing an additional 494 shares during the last quarter. Nordea Investment Management AB grew its holdings in shares of Spirit Aerosystems Holdings by 13.0% in the first quarter. Nordea Investment Management AB now owns 28,297 shares of the aerospace company’s stock worth $1,639,000 after purchasing an additional 3,248 shares during the last quarter. M&T Bank Corp grew its holdings in shares of Spirit Aerosystems Holdings by 4.8% in the first quarter. M&T Bank Corp now owns 4,530 shares of the aerospace company’s stock worth $261,000 after purchasing an additional 207 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Spirit Aerosystems Holdings by 10.9% in the first quarter. JPMorgan Chase & Co. now owns 520,583 shares of the aerospace company’s stock worth $30,152,000 after purchasing an additional 51,113 shares during the last quarter. Finally, Stifel Financial Corp grew its holdings in shares of Spirit Aerosystems Holdings by 3.4% in the first quarter. Stifel Financial Corp now owns 22,873 shares of the aerospace company’s stock worth $1,325,000 after purchasing an additional 754 shares during the last quarter. Hedge funds and other institutional investors own 98.61% 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 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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