Spirit Aerosystems Holdings, Inc. (SPR) Given Buy Rating at Citigroup Inc.

Spirit Aerosystems Holdings, Inc. (NYSE:SPR)‘s stock had its “buy” rating restated by investment analysts at Citigroup Inc. in a research report issued on Monday. They presently have a $91.00 price target on the aerospace company’s stock, up from their prior price target of $85.00. Citigroup Inc.’s price target would indicate a potential upside of 14.75% from the stock’s current price.

SPR has been the topic of a number of other reports. Cowen and Company reiterated a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Credit Suisse Group restated an “outperform” rating and issued a $80.00 price target (up from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.61.

Spirit Aerosystems Holdings (SPR) traded up 0.86% during trading on Monday, reaching $79.30. 884,082 shares of the company’s stock were exchanged. Spirit Aerosystems Holdings has a 52-week low of $45.04 and a 52-week high of $79.82. The firm has a market cap of $9.38 billion, a P/E ratio of 28.47 and a beta of 1.36. The stock’s 50 day moving average price is $75.51 and its 200 day moving average price is $62.89.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings data 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. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Equities research analysts anticipate that Spirit Aerosystems Holdings will post $5.24 EPS for the current fiscal year.

Spirit Aerosystems Holdings declared that its board has initiated a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the aerospace company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Spirit Aerosystems Holdings, Inc. (SPR) Given Buy Rating at Citigroup Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/09/spirit-aerosystems-holdings-inc-spr-given-new-91-00-price-target-at-citigroup-inc.html.

In other Spirit Aerosystems Holdings 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 transaction of $504,834.00. Following the completion of the transaction, the director now owns 23,828 shares in the company, valued at approximately $1,822,603.72. The transaction was disclosed in a document filed with the SEC, 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 transaction, the senior vice president now owns 93,258 shares of the company’s stock, 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.

A number of institutional investors have recently added to or reduced their stakes in the business. Perpetual Ltd bought a new position in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $3,590,000. Koch Industries Inc. bought a new stake in shares of Spirit Aerosystems Holdings in the 2nd quarter valued at $524,000. ZPR Investment Management increased its stake in shares of Spirit Aerosystems Holdings by 95.3% in the 2nd quarter. ZPR Investment Management now owns 21,920 shares of the aerospace company’s stock valued at $1,270,000 after acquiring an additional 10,695 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Spirit Aerosystems Holdings by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,422 shares of the aerospace company’s stock valued at

SPR has been the topic of a number of other reports. Cowen and Company reiterated a “buy” rating and set a $69.00 price objective on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 2nd. Credit Suisse Group restated an “outperform” rating and issued a $80.00 price target (up from $74.00) on shares of Spirit Aerosystems Holdings in a research note on Thursday, August 3rd. ValuEngine upgraded shares of Spirit Aerosystems Holdings from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Spirit Aerosystems Holdings from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 27th. Finally, Robert W. Baird restated a “buy” rating and issued a $86.00 price target on shares of Spirit Aerosystems Holdings in a research note on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $75.61.

Spirit Aerosystems Holdings (SPR) traded up 0.86% during trading on Monday, reaching $79.30. 884,082 shares of the company’s stock were exchanged. Spirit Aerosystems Holdings has a 52-week low of $45.04 and a 52-week high of $79.82. The firm has a market cap of $9.38 billion, a P/E ratio of 28.47 and a beta of 1.36. The stock’s 50 day moving average price is $75.51 and its 200 day moving average price is $62.89.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings data 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. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.74 billion. Spirit Aerosystems Holdings had a net margin of 4.97% and a return on equity of 30.82%. The business’s revenue for the quarter was down .2% on a year-over-year basis. During the same period in the prior year, the company posted $1.21 earnings per share. Equities research analysts anticipate that Spirit Aerosystems Holdings will post $5.24 EPS for the current fiscal year.

Spirit Aerosystems Holdings declared that its board has initiated a stock repurchase program on Wednesday, August 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the aerospace company to reacquire up to 4.6% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board believes its shares are undervalued.

COPYRIGHT VIOLATION NOTICE: “Spirit Aerosystems Holdings, Inc. (SPR) Given Buy Rating at Citigroup Inc.” was originally published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://ledgergazette.com/2017/10/09/spirit-aerosystems-holdings-inc-spr-given-new-91-00-price-target-at-citigroup-inc.html.

In other Spirit Aerosystems Holdings 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 transaction of $504,834.00. Following the completion of the transaction, the director now owns 23,828 shares in the company, valued at approximately $1,822,603.72. The transaction was disclosed in a document filed with the SEC, 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 transaction, the senior vice president now owns 93,258 shares of the company’s stock, 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.

A number of institutional investors have recently added to or reduced their stakes in the business. Perpetual Ltd bought a new position in Spirit Aerosystems Holdings during the 2nd quarter worth approximately $3,590,000. Koch Industries Inc. bought a new stake in shares of Spirit Aerosystems Holdings in the 2nd quarter valued at $524,000. ZPR Investment Management increased its stake in shares of Spirit Aerosystems Holdings by 95.3% in the 2nd quarter. ZPR Investment Management now owns 21,920 shares of the aerospace company’s stock valued at $1,270,000 after acquiring an additional 10,695 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Spirit Aerosystems Holdings by 19.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,422 shares of the aerospace company’s stock valued at $257,000 after acquiring an additional 705 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Spirit Aerosystems Holdings by 48.6% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 45,949 shares of the aerospace company’s stock valued at $2,632,000 after acquiring an additional 15,030 shares in the last quarter. Hedge funds and other institutional investors own 98.66% 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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