The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) reached all time high today, Nov, 24 and still has $60.44 target or 4.00% above today’s $58.12 share price. This indicates more upside for the $7.27 billion company. This technical setup was reported by Barchart.com. If the $60.44 PT is reached, the company will be worth $290.80M 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. The stock increased 1.06% or $0.61 on November 23, hitting $58.12. About 987,472 shares traded hands. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 23.76% since April 22, 2016 and is uptrending. It has outperformed by 18.36% the S&P500.
Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on February, 1. They expect $1.03 earnings per share, up 8.42% or $0.08 from last year’s $0.95 per share. SPR’s profit will be $128.84 million for 14.11 P/E if the $1.03 EPS becomes a reality. After $1.16 actual earnings per share 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 Bernstein on Tuesday, January 5 to “Outperform”. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 4. The firm earned “Sell” rating on Friday, January 29 by Goldman Sachs. The stock has “Outperform” rating given by Credit Suisse on Monday, January 18. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Outperform” rating given on Friday, January 15 by Credit Suisse. Barclays Capital maintained the shares of SPR in a report on Thursday, June 9 with “Overweight” rating. Buckingham Research upgraded the stock to “Neutral” rating in Thursday, June 9 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Thursday, July 30. The firm has “Hold” rating by Standpoint Research given on Wednesday, August 26. RBC Capital Markets maintained Spirit AeroSystems Holdings, Inc. (NYSE:SPR) rating on Wednesday, October 28. RBC Capital Markets has “Sector Perform” rating and $55 price target.
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 dived, 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.
Tiaa Cref Invest Management Limited Co last reported 1.52M shares in the company. Trexquant Inv Lp reported 52,088 shares or 0.29% of all its holdings. Northcoast Asset Mgmt Limited Com has 0.89% invested in the company for 304,125 shares. Lsv Asset Mgmt has 1.39M shares for 0.12% of their US portfolio. Omers Administration has 36,600 shares for 0.03% of their US portfolio. Verition Fund Ltd Liability Corporation owns 8,484 shares or 0.05% of their US portfolio. Hbk L P, a Texas-based fund reported 128,896 shares. Brc Mgmt Limited Liability Company, a Colorado-based fund reported 227,071 shares. Manufacturers Life Ins The owns 3,991 shares or 0% of their US portfolio. Maverick Capital Limited owns 55,370 shares or 0.03% of their US portfolio. Robeco Institutional Asset Management Bv holds 0.01% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 44,527 shares. Metropolitan Life Ins Ny reported 7,036 shares or 0% of all its holdings. Moreover, Tudor Inv Et Al has 0.03% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 31,412 shares. First Trust Advisors Limited Partnership accumulated 123,514 shares or 0.02% of the stock. Financial Bank Of America De has 0.01% invested in the company for 899,192 shares.
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 Nasdaq.com with their article: “July 2017 Options Now Available For Spirit AeroSystems Holdings (SPR)” published on November 21, 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 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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