A share price of Spirit Aerosystems Holdings Inc [SPR] is currently trading at $34.19, up 1.67%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPR shares have gain 0.94% over the last week, with a monthly amount drifted -0.75%, and not seem to be holding up well over a long-time horizon.
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On 1, March 2024, Spirit AeroSystems Confirms Discussions with Boeing. In a post published today on Yahoo Finance, Spirit AeroSystems Holdings, Inc. [NYSE: SPR] today confirmed that it is currently engaged in discussions with Boeing about a possible acquisition of the Company by Boeing. No assurances can be given that a definitive agreement will be entered into, that any transaction will be consummated, or the timing, terms or conditions of any such transaction.
From an analyst’s perspective:
Spirit Aerosystems Holdings Inc [NYSE: SPR] stock has seen the most recent analyst activity on February 08, 2024, when TD Cowen upgraded its rating to a Outperform and also boosted its price target to $35 from $27. On January 17, 2024, Citigroup initiated with a Buy rating and assigned a price target of $39 on the stock. Morgan Stanley upgraded its rating to a Equal-Weight and increased its price target to $35 on December 20, 2023. Stifel initiated its recommendation with a Hold and recommended $28 as its price target on December 01, 2023. Robert W. Baird upgraded its rating to Outperform for this stock on November 30, 2023, and upped its price target to $36. In a note dated November 09, 2023, Wolfe Research upgraded an Outperform rating on this stock but restated the target price of $34.
Spirit Aerosystems Holdings Inc experienced fluctuations in its stock price throughout the past year between $14.65 and $36.34. Currently, Wall Street analysts expect the stock to reach $49.64 within the next 12 months. Spirit Aerosystems Holdings Inc [NYSE: SPR] shares were valued at $34.19 at the most recent close of the market. An investor can expect a potential return of 45.19% based on the average SPR price forecast.
Analyzing the SPR fundamentals
Trailing Twelve Months sales for Spirit Aerosystems Holdings Inc [NYSE:SPR] were 6.05B which represents 37.33% growth. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.1%, and Net Profit Margin reading is -0.1%. To continue investigating profitability, this company’s Return on Assets is posted at -0.09, Equity is 1.04 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -8.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 33.17 points at the first support level, and at 32.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.73, and for the 2nd resistance point, it is at 35.28.
Spirit Aerosystems Holdings Inc [SPR] reported earnings per share of $0.48 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.87/share, meaning a difference of -$0.39 and a surprise factor of -44.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.42 per share as compared to estimates of -$1.54 per share, a difference of $0.12 representing a surprise of 7.80%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Spirit Aerosystems Holdings Inc [NYSE:SPR] is 1.71. On the other hand, the Quick Ratio is 0.90, and the Cash Ratio is 0.37. Considering the valuation of this stock, the price to sales ratio is 0.66.
