Currently, Spirit Aerosystems Holdings Inc [SPR] is trading at $33.57, up 0.72%. An important factor to consider is whether the stock is rising or falling in short-term value. The SPR shares have gain 1.36% over the last week, with a monthly amount glided 3.29%, and 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.
This stock has fluctuated between a low of $25.16 and a high of $37.08 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $36.6 within the next 12 months. Spirit Aerosystems Holdings Inc [NYSE: SPR] shares were valued at $33.57 at the most recent close of the market. An investor can expect a potential return of 9.03% based on the average SPR price forecast.
Analyzing the SPR fundamentals
Trailing Twelve Months sales for Spirit Aerosystems Holdings Inc [NYSE:SPR] were 6.48B which represents 2.20% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.54.
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 33.29 points at the first support level, and at 33.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.79, and for the 2nd resistance point, it is at 34.01.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Spirit Aerosystems Holdings Inc [NYSE:SPR] is 1.15. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.61.
Transactions by insiders
Recent insider trading involved BILL BROWN, Officer, that happened on Aug 14 ’24 when 48781.0 shares were purchased.
