Truist lifts Spirit AeroSystems Holdings Inc. [SPR] price estimate. Who else is bullish?



Spirit AeroSystems Holdings Inc. [NYSE: SPR] price plunged by -0.33 percent to reach at -$0.16. The company report on November 12, 2021 that Spirit AeroSystems Names Fitzgerald, Shanahan to Board of Directors.

Spirit AeroSystems Holdings, Inc. (NYSE: SPR) today announced that William A. Fitzgerald and Patrick M. Shanahan have been named to the company’s Board of Directors, effective November 12. Fitzgerald will serve on the Audit Committee and the Governance and Nominating Committee. Shanahan will serve on the Audit and Compensation Committees.

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A sum of 3121548 shares traded at recent session while its average daily volume was at 1.73M shares. Spirit AeroSystems Holdings Inc. shares reached a high of $50.39 and dropped to a low of $47.91 until finishing in the latest session at $48.14.

The one-year SPR stock forecast points to a potential upside of 18.5. The average equity rating for SPR stock is currently 1.90, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Spirit AeroSystems Holdings Inc. [SPR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPR shares is $59.07 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPR stock is a recommendation set at 1.90. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for Spirit AeroSystems Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 07, 2022. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on October 22, 2021, representing the official price target for Spirit AeroSystems Holdings Inc. stock. Previously, the target price had yet another raise from $53 to $66, while Bernstein kept a Outperform rating on SPR stock.

The Average True Range (ATR) for Spirit AeroSystems Holdings Inc. is set at 1.82, with the Price to Sales ratio for SPR stock in the period of the last 12 months amounting to 1.30. The Price to Book ratio for the last quarter was 11.83, with the Price to Cash per share for the same quarter was set at 14.10.

SPR Stock Performance Analysis:

Spirit AeroSystems Holdings Inc. [SPR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.04. With this latest performance, SPR shares gained by 25.89% in over the last four-week period, additionally plugging by 16.08% over the last 6 months – not to mention a rise of 19.57% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPR stock in for the last two-week period is set at 65.03, with the RSI for the last a single of trading hit 69.05, and the three-weeks RSI is set at 61.43 for Spirit AeroSystems Holdings Inc. [SPR]. The present Moving Average for the last 50 days of trading for this stock 42.82, while it was recorded at 47.65 for the last single week of trading, and 44.13 for the last 200 days.

Insight into Spirit AeroSystems Holdings Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Spirit AeroSystems Holdings Inc. [SPR] shares currently have an operating margin of -19.14 and a Gross Margin at -11.95. Spirit AeroSystems Holdings Inc.’s Net Margin is presently recorded at -25.56.

Return on Total Capital for SPR is now -13.51, given the latest momentum, and Return on Invested Capital for the company is -18.83. Return on Equity for this stock declined to -66.49, with Return on Assets sitting at -10.89. When it comes to the capital structure of this company, Spirit AeroSystems Holdings Inc. [SPR] has a Total Debt to Total Equity ratio set at 460.68. Additionally, SPR Total Debt to Total Capital is recorded at 82.16, with Total Debt to Total Assets ending up at 47.06. Long-Term Debt to Equity for the company is recorded at 420.26, with the Long-Term Debt to Total Capital now at 74.96.

Reflecting on the efficiency of the workforce at the company, Spirit AeroSystems Holdings Inc. [SPR] managed to generate an average of -$60,021 per employee. Receivables Turnover for the company is 2.94 with a Total Asset Turnover recorded at a value of 0.43.Spirit AeroSystems Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 2.10.

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Spirit AeroSystems Holdings Inc. [SPR] Insider Position Details

There are presently around $3,823 million, or 75.90% of SPR stock, in the hands of institutional investors. The top three institutional holders of SPR stocks are: VANGUARD GROUP INC with ownership of 9,307,088, which is approximately -0.313% of the company’s market cap and around 0.20% of the total institutional ownership; BLACKROCK INC., holding 5,055,588 shares of the stock with an approximate value of $243.38 million in SPR stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $203.72 million in SPR stock with ownership of nearly 43.343% of the company’s market capitalization.

Positions in Spirit AeroSystems Holdings Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 137 institutional holders increased their position in Spirit AeroSystems Holdings Inc. [NYSE:SPR] by around 11,847,696 shares. Additionally, 145 investors decreased positions by around 12,372,347 shares, while 56 investors held positions by with 55,199,002 shares. The mentioned changes placed institutional holdings at 79,419,045 shares, according to the latest SEC report filing. SPR stock had 31 new institutional investments in for a total of 1,671,433 shares, while 50 institutional investors sold positions of 1,691,420 shares during the same period.