Spirit Aerosystems Holdings (NYSE:SPR):
Spirit Executive Vice President and Chief Financial Officer Speaking at Fifth Annual Credit Suisse Industrials Conference.
The company is now up from yesterday’s close of 79.98.
Spirit AeroSystems Holdings, Inc., launched on February 7, 2005, 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. The Business’s maintenance, repair and overhaul (MRO) services include repair stations that provide on-site repair and overhaul, and maintain global partnerships to support MRO services for B737, B747, B767, B777, B787 and Rolls-Royce BR725. It maintains a pool of rotable assets for sale, exchange and/or lease for B737, B747, B767 and B777. It also offers engineering, tooling and measurement services. The Company offers low observables, which are radar absorbent and translucent materials; rotorcraft, including forward cockpit and cabin, and fuselage, and other military products for fabrication, bonding, assembly, testing, tooling, processing, engineering analysis and training..
The company’s P/E ratio is 28.28 and the market cap of the company is 9.30B. As of the latest earnings report the EPS was $2.84 with 115.62M shares presently outstanding.
Traders are feeling more bearish on shares of Spirit Aerosystems Holdings of late as inferred by the uptick in short interest. The stock saw a rise in short interest from September 29, 2017 to October 13, 2017 of 2.71%. Short interest grew 110,354 over that timeframe. Days to cover decreased from 5.0 to 5.0 and the percentage of shorted shares is 0.04% as of October 13.
Ratings analysts have released opinions on the company recently. On November 7 analysts at Berenberg Bank updated coverage of SPR giving it an initial rating of “Buy”. Credit Suisse Group raised the price target on November 2 boosting the projection from $88.00 to $97.00 and issued a “Outperform” recommendation.
November 2 investment analysts at Sanford C. Bernstein held the stock rating at “In-Line” targeting a price of $98.00. On November 2 Wells Fargo & Company kept the stock rating at “Market Perform” projecting a price of $85.00.
On October 31 Canaccord Genuity left the company rating at “Buy” with a current price target of $86.00. October 9 investment analysts at Citigroup maintained a stock rating of “Buy” with a current price target of $91.00.