The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) hit a new 52-week high and has $88.23 target or 61.00% above today’s $54.80 share price. The 7 months bullish chart indicates low risk for the $6.65 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $88.23 price target is reached, the company will be worth $4.06B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 834,734 shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 16.34% since April 7, 2016 and is uptrending. It has outperformed by 11.56% the S&P500.
Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Ratings Coverage
Out of 12 analysts covering Spirit Aerosystems (NYSE:SPR), 6 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 50% are positive. Spirit Aerosystems has been the topic of 19 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Standpoint Research upgraded the shares of SPR in a report on Wednesday, August 26 to “Hold” rating. The stock has “Neutral” rating given by UBS on Friday, February 19. Morgan Stanley initiated Spirit AeroSystems Holdings, Inc. (NYSE:SPR) on Thursday, June 23 with “Overweight” rating. The rating was downgraded by Bank of America to “Neutral” on Wednesday, April 20. As per Tuesday, January 5, the company rating was upgraded by Bernstein. The stock has “Sector Perform” rating given by RBC Capital Markets on Thursday, July 30. The rating was maintained by Barclays Capital on Thursday, June 9 with “Overweight”. The firm has “Sell” rating by Goldman Sachs given on Friday, January 29. The firm earned “Neutral” rating on Thursday, June 9 by Buckingham Research. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Sector Perform” rating given on Wednesday, October 28 by RBC Capital Markets.
According to Zacks Investment Research, “SPIRIT AEROSYSTEMS is the world’s largest independent supplier of commercial airplane assemblies and components. In addition to its Kansas facility, Spirit has operations in Tulsa and McAlester, Okla., Prestwick, Scotland, and Samlesbury, England. In the U.S., Spirit’s core products include fuselages, pylons, nacelles and wing components. Additionally, Spirit provides aftermarket customer support services, including spare parts, maintenance/repair/overhaul, and fleet support services in North America and Europe. Spirit Europe produces wing components for a host of customers, including Airbus.”
Insitutional Activity: The institutional sentiment decreased to 0.87 in 2016 Q2. Its down 0.43, from 1.3 in 2016Q1. The ratio turned negative, as 37 funds sold all Spirit AeroSystems Holdings, Inc. shares owned while 114 reduced positions. 38 funds bought stakes while 93 increased positions. They now own 127.00 million shares or 5.28% less from 134.09 million shares in 2016Q1.
The Massachusetts-based Putnam Invs has invested 0.02% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Fund Sa has invested 0.05% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Jpmorgan Chase And Com accumulated 701,255 shares or 0.01% of the stock. Gam Ag, a Switzerland-based fund reported 29,000 shares. Permian Invest Prtn Ltd Partnership holds 735,000 shares or 5.76% of its portfolio. Stevens Cap Mgmt Ltd Partnership accumulated 134,586 shares or 0.23% of the stock. Rhumbline Advisers reported 127,800 shares or 0.02% of all its holdings. Pub Employees Retirement Association Of Colorado has 28,850 shares for 0.01% of their US portfolio. Globeflex Cap Lp holds 0.49% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 41,280 shares. Capstone Investment Advisors Lc last reported 5,125 shares in the company. Regentatlantic Limited Liability Company last reported 0.04% of its portfolio in the stock. Vanguard Group Inc last reported 11.27M shares in the company. Prudential Public Ltd Limited Liability Company has 2.46M shares for 0.42% of their US portfolio. Clinton Group holds 0.17% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 89,793 shares. The Georgia-based Vident Investment Advisory Ltd Liability Co has invested 0.45% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR).
More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Prnewswire.com which released: “Spirit AeroSystems Holdings, Inc., Reports Third Quarter 2016 Financial …” on November 01, 2016, also Wsj.com with their article: “Spirit AeroSystems Names Tom Gentile CEO” published on June 08, 2016, Prnewswire.com published: “Spirit AeroSystems Holdings, Inc., Reports Second Quarter 2016 Financial …” on August 03, 2016. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Prnewswire.com and their article: “Spirit AeroSystems to Release Third Quarter 2016 Financial Results November 1” published on October 18, 2016 as well as Prnewswire.com‘s news article titled: “Spirit AeroSystems Holdings, Inc. Reports Fourth Quarter and Full-Year 2015 …” with publication date: February 03, 2016.
SPR Company Profile
Spirit AeroSystems Holdings, Inc., incorporated on February 7, 2005, is a non-original equipment maker (OEM) aircraft parts designer and maker of commercial aero-structures. The Firm is a supplier of aero-structures to The Boeing Company (Boeing) and Airbus S.A.S (Airbus). The Firm operates through three divisions: Fuselage Systems, Propulsion Systems and Wing Systems. The Firm makes aero-structures for Boeing commercial aircraft. The Firm is engaged in production, including airframe content for the Boeing B737. In addition, it is a content supplier of wing systems for the Airbus A320 family. It is a supplier for the Airbus A380 and Airbus A350 XWB (Xtra Wide-Body).
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