Spirit Aerosystems Holdings (SPR) stock is expected to deviate a maximum of $9.86 from the average target price of $55.78 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $74 and the most muted being $44.
Spirit Aerosystems Holdings (SPR) : 11 analysts are covering Spirit Aerosystems Holdings (SPR) and their average rating on the stock is 2.14, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Spirit Aerosystems Holdings (SPR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 6 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Spirit Aerosystems Holdings (NYSE:SPR). In the latest research report, Deutsche Bank lowers the target price from $53 per share to $48 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on July 11, 2016.
Spirit Aerosystems Holdings (NYSE:SPR): The stock opened at $45.76 on Thursday but the bulls could not build on the opening and the stock topped out at $45.78 for the day. The stock traded down to $45.01 during the day, due to lack of any buying support eventually closed down at $45.70 with a loss of -0.26% for the day. The stock had closed at $45.82 on the previous day. The total traded volume was 928,878 shares.
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.