The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) hit a new 52-week high and has $63.29 target or 9.00% above today’s $58.06 share price. The 5 months bullish chart indicates low risk for the $7.27 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $63.29 price target is reached, the company will be worth $654.30 million 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 554,877 shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 23.07% since April 21, 2016 and is uptrending. It has outperformed by 17.74% 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 $128.97M for 14.09 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. On Wednesday, April 20 the stock rating was downgraded by Bank of America to “Neutral”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, July 30 report. The company was upgraded on Thursday, June 9 by Buckingham Research. The firm has “Hold” rating by Standpoint Research given on Wednesday, August 26. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) earned “Neutral” rating by UBS on Friday, February 19. The company was upgraded on Tuesday, January 5 by Bernstein. The company was downgraded on Friday, January 29 by Goldman Sachs. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, October 28. The stock has “Outperform” rating given by Credit Suisse on Friday, January 15. The rating was maintained by Barclays Capital on Thursday, June 9 with “Overweight”.
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 2016 Q2. Its down 0.10, from 0.87 in 2016Q1. The ratio dropped, 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.
Bridgeway Management Incorporated, a Texas-based fund reported 726,600 shares. Bradley Foster Sargent Ct owns 69,805 shares or 0.13% of their US portfolio. The California-based Schwab Charles Inv Mngmt Incorporated has invested 0.05% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Springbok Cap Ltd Com last reported 0.05% of its portfolio in the stock. Pinebridge Invs L P holds 0.08% or 35,253 shares in its portfolio. The Ontario – Canada-based Omers Administration has invested 0.03% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Parkwood Ltd Limited Liability Company has 15,475 shares for 0.11% of their US portfolio. Chicago Equity Prtnrs Limited Liability Corp reported 571,990 shares or 0.72% of all its holdings. Smith Asset Mngmt Grp Limited Partnership holds 1.03 million shares or 1.32% of its portfolio. Old Mutual Invsts (Uk) reported 58,533 shares or 0.05% of all its holdings. Royal Bancorp Of Canada last reported 168,207 shares in the company. Employees Retirement System Of Texas holds 0.1% or 172,000 shares in its portfolio. Victory Cap Mgmt has 0% invested in the company for 12,545 shares. The Massachusetts-based Liberty Mutual Group Asset Management has invested 0.04% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Aperio Gru Limited Company holds 0.02% or 50,220 shares in its portfolio.
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: Nasdaq.com and their article: “July 2017 Options Now Available For Spirit AeroSystems Holdings (SPR)” published on November 21, 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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