Spirit AeroSystems (SPR) was Upgraded to a Buy Rating at Standpoint Research


Spirit AeroSystems (NYSE: SPR) received a Buy rating from Standpoint Research analyst Ronnie Moas on October 12. The company’s shares closed on Friday at $83.84.

According to TipRanks.com, Moas is a 5-star analyst with an average return of 5.7% and a 68.7% success rate. Moas covers the Consumer Goods sector, focusing on stocks such as Ultra Clean Holdings, Tower Semiconductor, and LyondellBasell.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Spirit AeroSystems with a $104.40 average price target.

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Based on Spirit AeroSystems’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $145 million. In comparison, last year the company had a net profit of $147 million.

Based on the recent corporate insider activity of 68 insiders, corporate insider sentiment is negative on the stock.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of commercial aero structures and systems. It operates its business through the following segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces and markets forward, mid, and rear fuselage sections and systems.

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