Spirit AeroSystems (NYSE:SPR) PT Raised to $40.00 at Susquehanna

Spirit AeroSystems (NYSE:SPR) had its price objective increased by Susquehanna from $33.00 to $40.00 in a report released on Friday morning, Benzinga reports. They currently have a positive rating on the aerospace company’s stock.

A number of other research firms have also issued reports on SPR. Morgan Stanley decreased their target price on Spirit AeroSystems from $35.00 to $33.00 and set an equal weight rating for the company in a report on Wednesday, February 7th. Truist Financial lifted their price objective on Spirit AeroSystems from $26.00 to $30.00 and gave the company a hold rating in a research note on Wednesday, January 10th. Stifel Nicolaus boosted their price objective on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a hold rating in a research report on Wednesday, March 20th. StockNews.com raised shares of Spirit AeroSystems from a sell rating to a hold rating in a report on Wednesday, February 7th. Finally, Citigroup started coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They set a buy rating and a $39.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus target price of $31.33.

Spirit AeroSystems Price Performance

Shares of Spirit AeroSystems stock opened at $33.42 on Friday. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of -5.51, a price-to-earnings-growth ratio of 13.84 and a beta of 1.77. The business has a 50-day moving average of $32.42 and a 200 day moving average of $27.96. Spirit AeroSystems has a 12 month low of $14.65 and a 12 month high of $36.34.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The company had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. The business’s quarterly revenue was up 37.3% on a year-over-year basis. During the same period in the prior year, the business earned ($1.46) EPS. Equities research analysts anticipate that Spirit AeroSystems will post 0.29 earnings per share for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Several large investors have recently modified their holdings of SPR. LPL Financial LLC raised its stake in Spirit AeroSystems by 0.4% during the 2nd quarter. LPL Financial LLC now owns 102,283 shares of the aerospace company’s stock valued at $2,997,000 after acquiring an additional 357 shares during the last quarter. Ancora Advisors LLC lifted its holdings in shares of Spirit AeroSystems by 6.1% during the first quarter. Ancora Advisors LLC now owns 7,000 shares of the aerospace company’s stock worth $341,000 after purchasing an additional 400 shares during the period. Public Employees Retirement System of Ohio grew its position in Spirit AeroSystems by 0.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 52,370 shares of the aerospace company’s stock valued at $1,148,000 after buying an additional 413 shares during the last quarter. Arizona State Retirement System increased its stake in Spirit AeroSystems by 1.5% in the 3rd quarter. Arizona State Retirement System now owns 29,958 shares of the aerospace company’s stock valued at $484,000 after buying an additional 447 shares during the period. Finally, Treasurer of the State of North Carolina raised its position in Spirit AeroSystems by 1.0% during the 4th quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock worth $1,473,000 after buying an additional 460 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.