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Tuesday, December 1, 2020

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In a research note issued on Monday, 12th October, researchers at Jefferies Financial Group lowered the earnings per share (EPS) estimates for FY2020 of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)’s shares. According to S. Kahyaoglu, an analyst at Jefferies Financial Group estimates that for the year the company should report an EPS of ($4.90). The estimated EPS stands below the previous EPS forecast of ($4.85). Jefferies Financial Group has assigned a ‘hold’ rating, and $22.00 is the price target on the company’s stock. 

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)- Experts’ Analysis

The stocks of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been reported by several analysts. In a research note issued on Tuesday, 23rd June , Robert W. Baird reissued a ‘hold’ rating and set a price target of $23.00 on the company. In a research note issued on Tuesday, 8th September, Morgan Stanley assumed coverage on Spirit AeroSystems. Stanley issued an ‘underweight’ rating ans set a price target of $18.00. In a research report issued on Tuesday, 23rd June, Berenberg Bank slashed the ratings of the company from ‘buy’ to ‘hold.’ It also set a price target of $25.00 on the firm’s stock. 

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In a research note issued on Wednesday, 15th July, the price target on Spirit AeroSystems Holdings, Inc. (NYSE:SPR) was reduced by SunTrust Banks from $14.00 to $12.00. They also assigned a ‘set’ rating to the firm. In a research report issued on Thursday, 24th September, WolfeResearch changed the company’s rating from ‘peer perform’ to ‘outperform.’ 

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a’sell’ rating from four analysts, a ‘buy’ rating from another four analysts and a ‘strong buy’ rating from one analyst. Presently, the consensus rating of the stock is ‘hold’ and $32.24 is the average price objective. 

Spirit AeroSystems Holdings, Inc. (NYSE:SPR)- Other Facts

On Wednesday the shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) opened at $18.66. The 50-day simple moving average of the company is $20.07 and $22.01 is its 200-day simple moving average. The market cap of the firm is $1.97 billion. Its price-to-earnings ratio is -8.80 and 1.39 is the beta. 

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$13.69 is the 52-week low of Spirit AeroSystems and $92.81 is the 52-week high. The debt-to-equity ratio of the company is 2.40, the quick ratio is 1.86 and the current ratio is 2.71. 

On Tuesday, 4th August, the quarterly earnings data was issued by Spirit AeroSystems (NYSE:SPR). For the quarter, the company reported an EPS of ($2.28) as opposed to the consensus estimate by Thomson Reuters’ estimate of ($1.19) by ($1.09). During the quarter, Spirit AeroSystems reported $645.00 million in revenue as opposed to $782.03 million, the consensus estimate. 

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