Spirit Aerosystems Holdings, Inc. (SPR) Given a $77.00 Price Target by Royal Bank Of Canada Analysts

Royal Bank Of Canada set a $77.00 target price on Spirit Aerosystems Holdings, Inc. (NYSE:SPR) in a report published on Sunday. The brokerage currently has a sell rating on the aerospace company’s stock.

A number of other research analysts also recently commented on SPR. Berenberg Bank began coverage on shares of Spirit Aerosystems Holdings in a report on Tuesday, November 7th. They issued a buy rating and a $100.00 price target for the company. Seaport Global Securities raised shares of Spirit Aerosystems Holdings from a neutral rating to a buy rating and increased their price target for the company from $62.00 to $83.00 in a report on Thursday, August 3rd. Goldman Sachs Group, Inc. (The) raised shares of Spirit Aerosystems Holdings from a sell rating to a neutral rating and raised their price objective for the stock from $54.00 to $68.00 in a research note on Thursday, August 10th. Zacks Investment Research raised shares of Spirit Aerosystems Holdings from a hold rating to a buy rating and set a $79.00 price objective for the company in a research note on Thursday, August 10th. Finally, Canaccord Genuity reissued a buy rating and issued a $80.00 price objective (up previously from $65.00) on shares of Spirit Aerosystems Holdings in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $79.95.

Spirit Aerosystems Holdings (NYSE SPR) opened at $79.90 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.56 and a quick ratio of 0.85. Spirit Aerosystems Holdings has a 1-year low of $51.85 and a 1-year high of $84.75. The company has a market cap of $9,278.83, a PE ratio of 16.41, a P/E/G ratio of 1.42 and a beta of 1.16.

Spirit Aerosystems Holdings (NYSE:SPR) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $1.26 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.26. Spirit Aerosystems Holdings had a net margin of 4.98% and a return on equity of 31.14%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $1.16 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. research analysts expect that Spirit Aerosystems Holdings will post 5.22 earnings per share for the current year.

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The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Monday, December 18th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, December 15th. Spirit Aerosystems Holdings’s dividend payout ratio (DPR) is presently 14.08%.

Spirit Aerosystems Holdings declared that its Board of Directors has initiated a stock buyback plan on Wednesday, August 2nd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the aerospace company to purchase up to 4.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

In related news, SVP John A. Pilla sold 10,088 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $74.60, for a total transaction of $752,564.80. Following the transaction, the senior vice president now directly owns 93,258 shares of the company’s stock, valued at $6,957,046.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Charles L. Chadwell sold 6,600 shares of Spirit Aerosystems Holdings stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $76.49, for a total transaction of $504,834.00. Following the transaction, the director now directly owns 23,828 shares in the company, valued at $1,822,603.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,688 shares of company stock worth $1,672,599. 0.28% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the stock. Homrich & Berg increased its holdings in Spirit Aerosystems Holdings by 0.5% during the second quarter. Homrich & Berg now owns 7,325 shares of the aerospace company’s stock valued at $424,000 after buying an additional 38 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Spirit Aerosystems Holdings by 0.7% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 13,700 shares of the aerospace company’s stock valued at $794,000 after buying an additional 100 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in Spirit Aerosystems Holdings by 9.5% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,840 shares of the aerospace company’s stock valued at $106,000 after buying an additional 160 shares during the period. State of Alaska Department of Revenue increased its holdings in Spirit Aerosystems Holdings by 6.7% during the second quarter. State of Alaska Department of Revenue now owns 3,539 shares of the aerospace company’s stock valued at $205,000 after buying an additional 222 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in Spirit Aerosystems Holdings by 2.3% during the second quarter. Teacher Retirement System of Texas now owns 9,750 shares of the aerospace company’s stock valued at $565,000 after buying an additional 222 shares during the period. 99.59% of the stock is currently owned by institutional investors.

About Spirit Aerosystems Holdings

Spirit AeroSystems Holdings, Inc is a non-original equipment manufacturer (OEM), aircraft parts designer and manufacturer of commercial aero-structures. The Company is also a supplier of aero-structures. The Company operates through three segments: Fuselage Systems, Propulsion Systems and Wing Systems.

Analyst Recommendations for Spirit Aerosystems Holdings (NYSE:SPR)

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