Buckingham Research Upgrades Spirit AeroSystems Holdings to Neutral

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 Buckingham Research was issued on Jun 9, 2016.

In a different note, On May 2, 2016, Goldman Sachs said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Sell’ by the firm. On May 2, 2016, Bernstein said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Raises the price-target to $68.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 20, 2016, Bank of America said it Downgrades its rating on Spirit AeroSystems Holdings. The shares have been rated ‘Neutral’ by the firm. On Apr 1, 2016, Citigroup said it Maintains its rating on Spirit AeroSystems Holdings. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Buy’ by the firm.

Spirit AeroSystems Holdings (SPR) shares turned negative on Wednesdays trading session with the shares closing down -0.34 points or -0.76% at a volume of 8,57,962. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.97. The peak price level was also seen at $44.97 while the days lowest was $44.17. Finally the shares closed at $44.22. The 52-week high of the shares is $57.99 while the 52-week low is $40.03. According to the latest information available, the market cap of the company is $5,854 M.

Spirit AeroSystems Holdings(SPR) last announced its earnings results on Apr 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.68B. Analysts had an estimated revenue of $1.69B. Earnings per share were $1.29. Analysts had estimated an EPS of $1.07.

Several Insider Transactions has been reported to the SEC. On Jun 7, 2016, Samantha J. Marnick (SVP/CAO) sold 22,715 shares at $46.51 per share price.Also, On Jun 3, 2016, Robert D Johnson (director) sold 500 shares at $46.46 per share price.On Jun 3, 2016, Sanjay Kapoor (SVP & CFO) sold 25,390 shares at $46.45 per share price, according to the Form-4 filing with the securities and exchange commission.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *