Spirit AeroSystems (SPR) Stock Forecast, Price & News

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Spirit AeroSystems in the last twelve months. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" SPR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPR, but not buy additional shares or sell existing shares.
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15 Wall Street research analysts have issued 12-month price targets for Spirit AeroSystems' shares. Their SPR share price forecasts range from $18.00 to $45.00. On average, they predict the company's share price to reach $28.93 in the next twelve months. This suggests a possible upside of 90.8% from the stock's current price.
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Spirit AeroSystems' stock was trading at $29.60 at the beginning of the year. Since then, SPR shares have decreased by 48.8% and is now trading at $15.16.
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Spirit AeroSystems saw a increase in short interest in the month of August. As of August 15th, there was short interest totaling 7,820,000 shares, an increase of 20.5% from the July 31st total of 6,490,000 shares. Based on an average trading volume of 2,920,000 shares, the short-interest ratio is currently 2.7 days. Currently, 7.5% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Spirit AeroSystems Holdings, Inc. (NYSE:SPR) released its quarterly earnings results on Wednesday, August, 2nd. The aerospace company reported ($1.46) EPS for the quarter, missing analysts' consensus estimates of ($0.79) by $0.67. The aerospace company had revenue of $1.37 billion for the quarter, compared to analysts' expectations of $1.31 billion. Spirit AeroSystems had a negative net margin of 15.91% and a negative trailing twelve-month return on equity of 365.67%. The company's quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.21) EPS.

ETFs with the largest weight of Spirit AeroSystems (NYSE:SPR) stock in their portfolio include Gabelli Commercial Aerospace & Defense ETF (GCAD), SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), ARK Space Exploration & Innovation ETF (ARKX), Invesco Aerospace & Defense ETF (PPA) and iShares U.S. Aerospace & Defense ETF (ITA).Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN).

131 employees have rated Spirit AeroSystems Chief Executive Officer Tom Gentile on Glassdoor.com. Tom Gentile has an approval rating of 84% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Spirit AeroSystems investors own include Boeing (BA), Halliburton (HAL), Micron Technology (MU), Intel (INTC), Pfizer (PFE), Delta Air Lines (DAL), RTX (RTX), Walt Disney (DIS), Johnson & Johnson (JNJ) and Tesla (TSLA).

Spirit AeroSystems trades on the New York Stock Exchange (NYSE) under the ticker symbol "SPR."

Spirit AeroSystems' stock is owned by a number of retail and institutional investors. Top institutional investors include Earnest Partners LLC (3.98%), Alliancebernstein L.P. (3.92%), State Street Corp (3.47%), Wolf Hill Capital Management LP (2.74%), Maple Rock Capital Partners Inc. (2.52%) and Geode Capital Management LLC (1.42%). Insiders that own company stock include Damon Christopher Ward, Robert D Johnson and Robert D Johnson.
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Shares of SPR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SPR stock can currently be purchased for approximately $15.16.

Spirit AeroSystems (NYSE:SPR) has a market capitalization of $1.60 billion and generates $5.03 billion in revenue each year. The aerospace company earns $-546,200,000.00 in net income (profit) each year or ($8.18) on an earnings per share basis.

The company employs 18,235 workers across the globe.

Spirit AeroSystems' mailing address is 3801 SOUTH OLIVER, WICHITA KS, 67210. The official website for the company is www.spiritaero.com. The aerospace company can be reached via phone at (316) 526-9000, via email at investorrelations@spiritaero.com, or via fax at 302-636-5454.