Spirit Aerosystems Holdings (SPR) : 6 brokerage houses believe that Spirit Aerosystems Holdings (SPR) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 6 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Spirit Aerosystems Holdings (SPR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 13 Wall Street Analysts endorse the stock as a Buy with a rating of 1.96.
Spirit Aerosystems Holdings (SPR) : 11 Wall Street analysts covering Spirit Aerosystems Holdings (SPR) believe that the average level the stock could reach for the short term is $56.27. The maximum price target given is $74 and the minimum target for short term is around $44, hence the standard deviation is calculated at $9.45.
For the current week, the company shares have a recommendation consensus of Buy. Spirit Aerosystems Holdings (NYSE:SPR): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.79 and $43.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $44.43. The buying momentum continued till the end and the stock did not give up its gains. It closed at $44.28, notching a gain of 1.00% for the day. The total traded volume was 1,317,484 . The stock had closed at $43.84 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Pilla John A, officer (SVP & CTO) of Spirit Aerosystems Holdings, Inc., had unloaded 8,688 shares at an average price of $43.56 in a transaction dated on July 15, 2016. The total value of the transaction was worth $378,449.
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.