Spirit Aerosystems Holdings Inc [SPR] stock prices are up 2.08% to $31.34 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SPR shares have gain 1.06% over the last week, with a monthly amount drifted -1.23%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Spirit Aerosystems Holdings Inc [NYSE: SPR] stock has seen the most recent analyst activity on June 20, 2024, when The Benchmark Company downgraded its rating to a Hold. Previously, TD Cowen upgraded its rating to Outperform on February 08, 2024, and elevated its price target to $35. On January 17, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $39 on January 17, 2024. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $35 on December 20, 2023. Stifel started tracking with a Hold rating for this stock on December 01, 2023, and assigned it a price target of $28. In a note dated November 30, 2023, Robert W. Baird upgraded an Outperform rating on this stock and boosted its target price from $30 to $36.
The stock price of Spirit Aerosystems Holdings Inc [SPR] has been fluctuating between $24.11 and $37.08 over the past year. Currently, Wall Street analysts expect the stock to reach $45.92 within the next 12 months. Spirit Aerosystems Holdings Inc [NYSE: SPR] shares were valued at $31.34 at the most recent close of the market. An investor can expect a potential return of 46.52% based on the average SPR price forecast.
Analyzing the SPR fundamentals
The Spirit Aerosystems Holdings Inc [NYSE:SPR] reported sales of 6.48B for trailing twelve months, representing a surge of 2.20%. Gross Profit Margin for this corporation currently stands at -0.1% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.22%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.21, Equity is 1.14 and Total Capital is -0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.44.
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 30.63 points at the first support level, and at 29.93 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.70, and for the 2nd resistance point, it is at 32.07.
Ratios To Look Out For
It’s worth pointing out that Spirit Aerosystems Holdings Inc [NYSE:SPR]’s Current Ratio is 1.15. Also, the Quick Ratio is 0.56, while the Cash Ratio stands at 0.06. Considering the valuation of this stock, the price to sales ratio is 0.57.
Transactions by insiders
Recent insider trading involved BILL BROWN, Officer, that happened on Aug 14 ’24 when 48781.0 shares were purchased.
