Analyst Rating Update on Spirit Aerosystems Holdings (SPR)

Spirit Aerosystems Holdings (NYSE:SPR) : 7 brokerage houses believe that Spirit Aerosystems Holdings (NYSE:SPR) is a Strong Buy at current levels. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Spirit Aerosystems Holdings (NYSE:SPR). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 12 Wall Street Analysts endorse the stock as a Buy with a rating of 1.83.

Spirit Aerosystems Holdings (NYSE:SPR) : The most positive equity analysts on Spirit Aerosystems Holdings (NYSE:SPR) expects the shares to touch $74, whereas, the least positive believes that the stock will trade at $44 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $57.27 with an expected fluctuation of $10.03 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley initiates coverage on Spirit Aerosystems Holdings (NYSE:SPR) The current rating of the shares is Overweight. Equity Analysts at the Firm announces the price target to $56 per share. The rating by the firm was issued on June 23, 2016.

Spirit Aerosystems Holdings (NYSE:SPR): stock turned positive on Tuesday. Though the stock opened at $42.5, the bulls momentum made the stock top out at $42.7 level for the day. The stock recorded a low of $41.91 and closed the trading day at $42.62, in the green by 2.11%. The total traded volume for the day was 1,269,659. The stock had closed at $41.74 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (SVP/CAO) of Spirit Aerosystems Holdings, Inc., Marnick Samantha J. had sold 22,715 shares worth of $1,056,475 in a transaction dated June 3, 2016. In this transaction, 22,715 shares were sold at $46.51 per share.

Spirit AeroSystems Holdings, Inc. is an independent non-original equipment manufacturer (OEM) aircraft parts designer and manufacturer of commercial aero structures. The Company operates in three segments: Fuselage Systems, Propulsion Systems and Wing Systems. Fuselage Systems segment develops, produces and markets forward, mid and rear fuselage sections and systems, primarily to aircraft OEMs, as well as related spares and maintenance, repair and overhaul support and services (MRO). The Propulsion Systems segment develops, produces and markets struts/pylons, nacelles (including thrust reversers) and related engine structural components primarily to aircraft or engine OEMs, as well as related spares and MRO services. The Wing Systems segment develops, produces and markets forward wings and wing components (including flight control surfaces), and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services.

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