Jefferies Remains a Hold on Spirit AeroSystems (SPR)

Jefferies analyst Sheila Kahyaoglu maintained a Hold rating on Spirit AeroSystems (SPR) on August 4 and set a price target of $22.00. The company’s shares closed last Monday at $22.41, close to its 52-week low of $13.69.

According to, Kahyaoglu is a 4-star analyst with an average return of 7.1% and a 61.2% success rate. Kahyaoglu covers the Technology sector, focusing on stocks such as L3Harris Technologies, Science Applications, and Caci International.

Spirit AeroSystems has an analyst consensus of Hold, with a price target consensus of $21.89, representing a 4.2% upside. In a report issued on August 5, Cowen & Co. also assigned a Hold rating to the stock with a $21.00 price target.

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Based on Spirit AeroSystems’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $645 million and GAAP net loss of $256 million. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $168 million.

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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. 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. The Propulsion Systems segment offers struts or pylons, nacelles, and related engine components. The Wing Systems segment includes the development, production, and market of wings, wing components, and other miscellaneous structural parts to primarily aircraft original equipment manufacturer, related spares, and maintenance, repair, and overhaul services. The company was founded on February 7, 2005 and is headquartered in Wichita, KS.

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