The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) hit a new 52-week high and has $61.33 target or 4.00% above today’s $58.97 share price. The 7 months bullish chart indicates low risk for the $7.25B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $61.33 price target is reached, the company will be worth $290.00M 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 1.46 million shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 25.62% since April 25, 2016 and is uptrending. It has outperformed by 19.60% the S&P500.
Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on February, 1. They expect $1.03 EPS, up 8.42% or $0.08 from last year’s $0.95 per share. SPR’s profit will be $126.63M for 14.31 P/E if the $1.03 EPS becomes a reality. After $1.16 actual EPS reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts -11.21% negative EPS growth.
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. The company was maintained on Thursday, February 4 by RBC Capital Markets. Credit Suisse upgraded Spirit AeroSystems Holdings, Inc. (NYSE:SPR) on Monday, January 18 to “Outperform” rating. The firm earned “Sell” rating on Friday, January 29 by Goldman Sachs. Bank of America downgraded the shares of SPR in a report on Wednesday, April 20 to “Neutral” rating. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Outperform” rating by Credit Suisse on Friday, January 15. The rating was initiated by Morgan Stanley on Thursday, June 23 with “Overweight”. On Tuesday, January 5 the stock rating was upgraded by Bernstein to “Outperform”. Standpoint Research upgraded the stock to “Hold” rating in Wednesday, August 26 report. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Sector Perform” rating by RBC Capital Markets on Thursday, July 30. On Thursday, October 6 the stock rating was initiated by Robert W. Baird with “Outperform”.
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 0.77 in Q2 2016. Its down 0.10, from 0.87 in 2016Q1. The ratio fall, 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.
Delta Asset Limited Liability Co Tn accumulated 750 shares or 0.01% of the stock. Mackenzie holds 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 5,332 shares. Deroy & Devereaux Private Investment Counsel owns 6,000 shares or 0.03% of their US portfolio. Brc Invest Mngmt Limited Liability Corp holds 1.7% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 227,071 shares. Janus Cap Mngmt Llc has invested 0.01% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Brinker Capital last reported 0.05% of its portfolio in the stock. Strategic Invest Management Limited Liability Company holds 0.22% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 9,975 shares. The Alberta – Canada-based Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management has invested 0.16% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). New Jersey Better Educational Savings Tru holds 0.52% or 18,000 shares in its portfolio. State Board Of Administration Of Florida Retirement accumulated 182,721 shares or 0.02% of the stock. Employees Retirement Association Of Colorado holds 28,850 shares or 0.01% of its portfolio. Renaissance Techs Limited Liability Company has 425,100 shares for 0.03% of their US portfolio. Pictet & Cie (Europe) Sa has 14,298 shares for 0.13% of their US portfolio. Calvert Inv Management last reported 9,348 shares in the company. Highbridge Cap Ltd Limited Liability Company last reported 0.1% of its portfolio in the stock.
More notable recent Spirit AeroSystems Holdings, Inc. (NYSE:SPR) news were published by: Wsj.com which released: “Spirit AeroSystems Names Tom Gentile CEO” on June 08, 2016, also Prnewswire.com with their article: “Spirit AeroSystems Holdings, Inc., Reports Second Quarter 2016 Financial …” published on August 03, 2016, Nasdaq.com published: “July 2017 Options Now Available For Spirit AeroSystems Holdings (SPR)” on November 21, 2016. More interesting news about Spirit AeroSystems Holdings, Inc. (NYSE:SPR) were released by: Prnewswire.com and their article: “Spirit AeroSystems Holdings, Inc. Reports Fourth Quarter and Full-Year 2015 …” published on February 03, 2016 as well as Prnewswire.com‘s news article titled: “Spirit AeroSystems to Release Third Quarter 2016 Financial Results November 1” with publication date: October 18, 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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