Today’s Price Action: Will Spirit AeroSystems Holdings, Inc. Run Out of Steam Soon?

Today's Price Action: Will Spirit AeroSystems Holdings, Inc. Run Out of Steam Soon?

The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reached all time high today, Nov, 29 and still has $61.67 target or 5.00% above today’s $58.73 share price. This indicates more upside for the $7.18 billion company. This technical setup was reported by Barchart.com. If the $61.67 PT is reached, the company will be worth $359.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 740,159 shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 23.97% since April 26, 2016 and is uptrending. It has outperformed by 18.71% 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 $125.92 million for 14.25 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 rating was upgraded by Standpoint Research to “Hold” on Wednesday, August 26. The firm has “Overweight” rating by Morgan Stanley given on Thursday, June 23. As per Thursday, February 4, the company rating was maintained by RBC Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Monday, July 11 report. As per Monday, January 18, the company rating was upgraded by Credit Suisse. The rating was initiated by Robert W. Baird with “Outperform” on Thursday, October 6. Goldman Sachs downgraded the stock to “Sell” rating in Friday, January 29 report. The rating was maintained by RBC Capital Markets on Wednesday, October 28 with “Sector Perform”. The firm has “Neutral” rating given on Friday, February 19 by UBS. On Thursday, June 9 the stock rating was upgraded by Buckingham Research to “Neutral”.

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 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.
Fifth Third Bancorp has 0.01% invested in the company for 22,330 shares. Gsa Cap Prtnrs Llp accumulated 0.08% or 35,331 shares. Employees Retirement Association Of Colorado accumulated 0.01% or 28,850 shares. Princeton Alpha Mgmt L P accumulated 42,963 shares or 0.33% of the stock. Evercore Wealth Management Ltd last reported 0.01% of its portfolio in the stock. Quantum has 288,261 shares for 1.75% of their US portfolio. Art Advsr Ltd Co holds 0.11% or 51,381 shares in its portfolio. Montag A Assocs holds 0.11% or 19,650 shares in its portfolio. Blackrock Group Ltd owns 119,623 shares or 0% of their US portfolio. Signaturefd Ltd Llc has 0% invested in the company for 500 shares. Invesco has 0.02% invested in the company for 1.39M shares. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Aperio Ltd Liability owns 50,220 shares or 0.02% of their US portfolio. The Ontario – Canada-based Royal Bancorp Of Canada has invested 0% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Paloma Management has invested 0.03% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR).

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, Prnewswire.com published: “Spirit AeroSystems Holdings, Inc. Reports Fourth Quarter and Full-Year 2015 …” on February 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 Nasdaq.com‘s news article titled: “July 2017 Options Now Available For Spirit AeroSystems Holdings (SPR)” with publication date: November 21, 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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