Spirit AeroSystems (SPR) Gets a Buy Rating from Canaccord Genuity

In a report released yesterday, Kenneth Herbert from Canaccord Genuity maintained a Buy rating on Spirit AeroSystems (SPR), with a price target of $50.00. The company’s shares closed last Tuesday at $43.35.

According to TipRanks.com, Herbert is a top 100 analyst with an average return of 31.3% and a 73.6% success rate. Herbert covers the Technology sector, focusing on stocks such as Aerojet Rocketdyne Holdings, Maxar Technologies, and CPI Aerostructures.

Currently, the analyst consensus on Spirit AeroSystems is a Strong Buy with an average price target of $46.73.

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Spirit AeroSystems’ market cap is currently $4.58B and has a P/E ratio of -8.10. The company has a Price to Book ratio of 3.92.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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