Spirit AeroSystems (NYSE:SPR) PT Raised to $31.00 at The Goldman Sachs Group

Spirit AeroSystems (NYSE:SPR) had its target price increased by The Goldman Sachs Group from $26.00 to $31.00 in a report published on Tuesday morning, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the aerospace company’s stock.

SPR has been the subject of a number of other research reports. Truist Financial raised their price target on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. TD Cowen upgraded shares of Spirit AeroSystems from a market perform rating to an outperform rating and lifted their target price for the company from $27.00 to $35.00 in a research note on Thursday, February 8th. Susquehanna lifted their target price on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the company a positive rating in a research note on Friday, April 12th. Stifel Nicolaus lifted their target price on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the company a hold rating in a research note on Wednesday, March 20th. Finally, Citigroup initiated coverage on shares of Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a buy rating and a $39.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $31.39.

Spirit AeroSystems Stock Down 0.7 %

Shares of SPR opened at $33.15 on Tuesday. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of -5.47, a P/E/G ratio of 13.63 and a beta of 1.77. Spirit AeroSystems has a 12 month low of $14.65 and a 12 month high of $36.34. The company has a 50-day moving average price of $32.73 and a two-hundred day moving average price of $28.15.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.74 billion. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period last year, the company posted ($1.46) EPS. Equities research analysts expect that Spirit AeroSystems will post 0.29 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Large investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $26,000. Riverview Trust Co bought a new position in Spirit AeroSystems during the 1st quarter worth about $35,000. Money Concepts Capital Corp increased its holdings in Spirit AeroSystems by 1,076.9% during the 4th quarter. Money Concepts Capital Corp now owns 1,224 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 1,120 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after purchasing an additional 724 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in Spirit AeroSystems by 57.7% during the 2nd quarter. Captrust Financial Advisors now owns 2,169 shares of the aerospace company’s stock worth $64,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

About Spirit AeroSystems

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.