Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Free Report) were down 2.1% on Friday after StockNews.com downgraded the stock from a hold rating to a sell rating. The company traded as low as $19.42 and last traded at $19.64. Approximately 454,989 shares changed hands during trading, a decline of 83% from the average daily volume of 2,714,413 shares. The stock had previously closed at $20.06.
A number of other equities research analysts have also recently weighed in on SPR. Truist Financial cut shares of Spirit AeroSystems from a “buy” rating to a “hold” rating and cut their price objective for the company from $42.00 to $25.00 in a research note on Thursday, August 3rd. Sanford C. Bernstein cut their target price on shares of Spirit AeroSystems from $38.00 to $29.00 in a research note on Thursday, May 4th. Barclays reduced their price target on shares of Spirit AeroSystems from $40.00 to $30.00 and set an “overweight” rating for the company in a research report on Tuesday, August 8th. The Goldman Sachs Group downgraded shares of Spirit AeroSystems from a “buy” rating to a “neutral” rating and reduced their price target for the company from $45.00 to $30.00 in a research report on Wednesday, August 2nd. Finally, Morgan Stanley reduced their price target on shares of Spirit AeroSystems from $27.00 to $22.00 and set an “underweight” rating for the company in a research report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $29.38.
Check Out Our Latest Analysis on SPR
Hedge Funds Weigh In On Spirit AeroSystems
Spirit AeroSystems Trading Up 2.9 %
The business’s 50 day moving average price is $26.84 and its two-hundred day moving average price is $29.44. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of -2.52 and a beta of 1.64.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last issued its quarterly earnings results on Wednesday, August 2nd. The aerospace company reported ($1.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.67). The firm had revenue of $1.37 billion during the quarter, compared to analyst estimates of $1.31 billion. Spirit AeroSystems had a negative return on equity of 365.67% and a negative net margin of 15.91%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted ($1.21) EPS. Analysts expect that Spirit AeroSystems Holdings, Inc. will post -3.91 EPS for the current year.
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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.
See Also
- Five stocks we like better than Spirit AeroSystems
- What is a Special Dividend?
- One of these 5 Pet Care Stocks Can Be the Next Short Squeeze
- Bank Stocks – Best Bank Stocks to Invest In
- 3 High Short Interest Stocks that Investors are Getting Wrong
- How to Invest in Social Media
- Retail Theft Rises: Two Ways For Investors To Beat Shrinkage
Receive News & Ratings for Spirit AeroSystems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spirit AeroSystems and related companies with MarketBeat.com's FREE daily email newsletter.
