Wall Street analysts’ outlook for Spirit AeroSystems Holdings Inc. (SPR)

Spirit AeroSystems Holdings Inc. (NYSE: SPR) stock fell -3.09% on Wednesday to $26.02 against a previous-day closing price of $26.85. With 2.65 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.62 million shares. During the session, the Aerospace & Defense company that operates in wider Industrials sector, reached to the highest price of $26.62 whereas the lowest price it dropped to was $25.43. The 52-week range on SPR shows that it touched its highest point at $38.55 and its lowest point at $21.14 during that stretch. It currently has a 1-year price target of $36.29. With its current market cap of 2.70 billion, SPR has annualized dividend of $0.04 while the current yield stands at 0.15%. Beta for the stock currently stands at 1.65.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SPR was up-trending over the past week, with a rise of 4.92%, but this was down by -11.80% over a month. Three-month performance dropped to -25.87% while six-month performance rose 4.08%. The stock lost -14.18% in the past year, while it has lost -12.09% so far this year. A look at the trailing 12-month EPS for SPR yields -7.39 with Next year EPS estimates of 1.43. For the next quarter, that number is -0.50. This implies an EPS growth rate of -0.50% for this year and 180.30% for next year.

Float and Shares Shorts:

At present, 104.90 million SPR shares are outstanding with a float of 104.25 million shares on hand for trading. On Apr 27, 2023, short shares totaled 6.3 million, which was 5.99% higher than short shares on Mar 30, 2023. In addition to Mr. Thomas C. Gentile III as the firm’s Pres, CEO & Director, Mr. Mark J. Suchinski serves as its Sr. VP & CFO.

Institutional Ownership:

Through their ownership of 87.84% of SPR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 48.05% of SPR, in contrast to 43.54% held by mutual funds. Shares owned by individuals account for 3.35%. As the largest shareholder in SPR with 9.47% of the stake, The Vanguard Group, Inc. holds 9,966,100 shares worth 9,966,100. A second-largest stockholder of SPR, Fidelity Management & Research Co, holds 8,192,723 shares, controlling over 7.78% of the firm’s shares. T. Rowe Price Associates, Inc. is the third largest shareholder in SPR, holding 7,077,397 shares or 6.72% stake. With a 3.94% stake in SPR, the T Rowe Price Mid Cap Value Fund is the largest stakeholder. A total of 4,144,176 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.11% of SPR stock, is the second-largest Mutual Fund holder. It holds 3,274,000 shares valued at 97.43 million. Vanguard Explorer Fund holds 2.81% of the stake in SPR, owning 2,952,780 shares worth 87.87 million.


An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 29, 2023, SPR reported revenue of $1.26B and operating income of -$111.50M. The EBITDA in the recently reported quarter was $10.20M and diluted EPS was -$1.17.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SPR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SPR analysts setting a high price target of $45.00 and a low target of $27.00, the average target price over the next 12 months is $37.79. Based on these targets, SPR could surge 72.94% to reach the target high and rise by 3.77% to reach the target low. Reaching the average price target will result in a growth of 45.23% from current levels.


EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded SPR stock several times over the past three months with 17 Buys and 33 Sells. In these transactions, 73,824 shares were bought while 58,076 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 59 over the past year. The total number of shares bought during that period was 126,578 while 84,021 shares were sold.

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