In a report released yesterday, Peter Arment from Robert W. Baird maintained a Buy rating on Spirit AeroSystems (SPR), with a price target of $53.00. The company’s shares closed last Thursday at $43.94.
According to TipRanks.com, Arment is a 4-star analyst with an average return of 14.7% and a 64.6% success rate. Arment covers the Technology sector, focusing on stocks such as L3Harris Technologies, Lockheed Martin, and Leidos Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spirit AeroSystems with a $48.00 average price target, which is a 6.1% upside from current levels. In a report issued on February 17, Canaccord Genuity also maintained a Buy rating on the stock with a $46.00 price target.
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Based on Spirit AeroSystems’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $806 million and GAAP net loss of $156 million. In comparison, last year the company earned revenue of $1.92 billion and had a net profit of $131 million.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPR in relation to earlier this year.
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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.