Truist Financial Reaffirms Their Hold Rating on Spirit AeroSystems (SPR)

In a report released today, Michael Ciarmoli from Truist Financial maintained a Hold rating on Spirit AeroSystems (SPR – Research Report). The company’s shares closed yesterday at $32.13.

According to TipRanks, Ciarmoli is a 5-star analyst with an average return of 12.7% and a 63.81% success rate. Ciarmoli covers the Industrials sector, focusing on stocks such as Ducommun, VSE, and Air Transport Services.

Spirit AeroSystems has an analyst consensus of Moderate Buy, with a price target consensus of $34.73, implying an 8.09% upside from current levels. In a report released on April 16, Goldman Sachs also maintained a Hold rating on the stock with a $31.00 price target.

Based on Spirit AeroSystems’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.81 billion and a net profit of $75.4 million. In comparison, last year the company earned a revenue of $1.32 billion and had a GAAP net loss of $243.1 million

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Spirit AeroSystems (SPR) Company Description:

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.