In a report released on December 21, Kenneth Herbert from RBC Capital maintained a Buy rating on Spirit AeroSystems (SPR – Research Report), with a price target of $35.00. The company’s shares closed yesterday at $28.83.
Herbert covers the Technology sector, focusing on stocks such as Boeing, Northrop, and Maxar Technologies. According to TipRanks, Herbert has an average return of 16.8% and a 58.74% success rate on recommended stocks.
Spirit AeroSystems has an analyst consensus of Moderate Buy, with a price target consensus of $35.70, implying a 23.83% upside from current levels. In a report released on December 14, Jefferies also maintained a Buy rating on the stock with a $35.00 price target.
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The company has a one-year high of $53.26 and a one-year low of $21.14. Currently, Spirit AeroSystems has an average volume of 2.35M.
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Spirit AeroSystems Holdings, Inc. engages in the design and manufacture of aero structures for commercial and defense aircraft. It operates its business through the following segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces and markets forward, mid, and rear fuselage sections and systems. The Propulsion Systems segment offers struts or pylons, nacelles, and related engine components. The Wing Systems segment includes the development, production, and market of wings, wing components, and other miscellaneous structural parts to primarily aircraft original equipment manufacturer, related spares, and maintenance, repair, and overhaul services. The company was founded on February 7, 2005 and is headquartered in Wichita, KS.
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