Canaccord Genuity analyst Kenneth Herbert maintained a Hold rating on Spirit AeroSystems (SPR) yesterday and set a price target of $64.00. The company’s shares closed last Monday at $52.84, close to its 52-week low of $51.11.
According to TipRanks.com, Herbert is a 5-star analyst with an average return of 13.1% and a 61.9% success rate. Herbert covers the Consumer Goods sector, focusing on stocks such as Rada Electronics Industries, Aerojet Rocketdyne Holdings, and CPI Aerostructures.
Currently, the analyst consensus on Spirit AeroSystems is a Hold with an average price target of $76.10, a 48.9% upside from current levels. In a report issued on February 18, Benchmark Co. also initiated coverage with a Hold rating on the stock.
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Based on Spirit AeroSystems’ latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $67.6 million. In comparison, last year the company had a net profit of $177 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.
