Analyst Price Target Update on Spirit Aerosystems Holdings (NYSE:SPR)

Spirit Aerosystems Holdings (NYSE:SPR) should head towards $57.27 per share according to 11 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $44 per share. The higher price estimate target is at $74 according to the Analysts.

Many analysts have stated their opinion on the company shares. Brokerage firm Buckingham Research upgrades its rating on Spirit Aerosystems Holdings (NYSE:SPR). The shares have been rated Neutral. Previously, the analysts had a Underperform rating on the shares. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities,The officer (SVP/CAO) of Spirit Aerosystems Holdings, Inc., Marnick Samantha J. sold 22,715 shares at $46.51 on June 3, 2016. The Insider selling transaction had a total value worth of $1,056,475. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Spirit Aerosystems Holdings (NYSE:SPR) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.13 points or 2.48% at $44.43 with 1,369,374 shares getting traded. Post opening the session at $45.31, the shares hit an intraday low of $44.42 and an intraday high of $45.85 and the price was in this range throughout the day. The company has a market cap of $5,882 million and the number of outstanding shares have been calculated to be 132,378,113 shares. The 52-week high of Spirit Aerosystems Holdings (NYSE:SPR) is $57.99 and the 52-week low is $40.03.

Spirit AeroSystems Holdings, Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Fuselage Systems segment develops, produces and markets forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul support and services (MRO). The Propulsion Systems segment develops, produces and markets struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment develops, produces and markets forward wings and wing components (including flight control surfaces), and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services.

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