Spirit AeroSystems (NYSE:SPR) received a $77.00 price objective from analysts at Royal Bank Of Canada in a research note issued to investors on Sunday, November 12th. The brokerage presently has a “sell” rating on the aerospace company’s stock. Royal Bank Of Canada’s target price would indicate a potential downside of 7.20% from the stock’s previous close.
SPR has been the topic of a number of other research reports. Cowen reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Spirit AeroSystems in a research report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Spirit AeroSystems from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Citigroup reissued a “buy” rating and set a $91.00 target price (up previously from $85.00) on shares of Spirit AeroSystems in a research report on Monday, October 9th. Berenberg Bank began coverage on shares of Spirit AeroSystems in a research report on Tuesday, November 7th. They set a “buy” rating and a $100.00 target price on the stock. Finally, Credit Suisse Group restated an “outperform” rating and set a $80.00 price objective (up from $74.00) on shares of Spirit AeroSystems in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $79.95.
Spirit AeroSystems (NYSE SPR) traded down $1.28 during trading on Friday, hitting $82.97. 1,154,259 shares of the stock traded hands, compared to its average volume of 1,029,081. Spirit AeroSystems has a 12-month low of $51.85 and a 12-month high of $84.96. The company has a market cap of $9,740.00, a price-to-earnings ratio of 17.01, a PEG ratio of 1.47 and a beta of 1.16. The company has a quick ratio of 0.85, a current ratio of 1.56 and a debt-to-equity ratio of 0.60.
In other news, Director Charles L. Chadwell sold 6,600 shares of the stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the sale, the director now owns 23,828 shares of the company’s stock, valued at $1,822,603.72. The sale was disclosed in a filing 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 shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the completion of the sale, the senior vice president now directly owns 93,258 shares in the company, valued at approximately $6,957,046.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,688 shares of company stock valued at $1,672,599. 0.28% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently made changes to their positions in SPR. PNC Financial Services Group Inc. grew its position in shares of Spirit AeroSystems by 20.1% during the first quarter. PNC Financial Services Group Inc. now owns 4,248 shares of the aerospace company’s stock worth $247,000 after acquiring an additional 710 shares during the last quarter. Janus Capital Management LLC grew its position in shares of Spirit AeroSystems by 198.7% during the first quarter. Janus Capital Management LLC now owns 78,065 shares of the aerospace company’s stock worth $4,522,000 after acquiring an additional 51,929 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of Spirit AeroSystems by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock worth $106,000 after acquiring an additional 160 shares during the last quarter. Fisher Asset Management LLC purchased a new position in shares of Spirit AeroSystems during the second quarter worth approximately $855,000. Finally, State of Alaska Department of Revenue grew its position in Spirit AeroSystems by 6.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after buying an additional 222 shares during the last quarter. Institutional investors and hedge funds own 96.21% of the company’s stock.
Spirit AeroSystems 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.
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