Spirit AeroSystems Holdings Inc. (SPR) Price Target: Is It Set To Rise Or Fall In Price?

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KOSK Stock
KOSK Stock

Spirit AeroSystems Holdings Inc. (NYSE:SPR) finished Wednesday with a subtraction of -$0.39 to close at $25.12, a downside of -1.53 percent. An average of 2,679,500 shares of common stock have been traded in the last five days. There was a fall of -$2.31 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 2,059,820 shares traded, while the 50-day average volume stands at 2,120,076.

SPR stock has decreased by -18.47% in the last month. The company shares reached their 1-month lowest point of $24.90 on 09/16/22. With the stock rallying to its 52-week high on 02/17/22, shares of the company touched a low of $24.90 and a high of $53.31 in 52 weeks. It has reached a new high 9 times so far this year and lost -41.70% or -$17.97 in price. In spite of this, the price is down -52.88% from the 52-week high.


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Insider Transactions

21 days have passed since Spirit AeroSystems Holdings Inc. (SPR) last reported insider trading activity. JOHNSON ROBERT D, who is Director, most recently acquired $500 shares at $29.55 per share on Sep 01. In this transaction, the insider spent $14,775. Director, JOHNSON ROBERT D, disposed of 500 shares at a price of $31.91 on Jun 01. The insider now owns more than $15,955 worth of shares. Prior to that, Director JOHNSON ROBERT D went on to Sale 500 shares at $38.95 each on Dec 01. An amount of $19,475 was transacted.

Valuation Metrics

Spirit AeroSystems Holdings Inc. (SPR) stock’s beta is 1.71. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.61, the price-to-book (PB) ratio at 11.68.

Financial Health

The quick ratio of Spirit AeroSystems Holdings Inc. for the three months ended June 29 was 0.90, and the current ratio was 1.50, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 15.19 and a total debt to equity ratio of 16.74 for the quarter ending June 29. Its gross profit as reported stood at -$117.8 million compared to revenue of $3.95 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Spirit AeroSystems Holdings Inc.’s return on assets was -5.50%.

Earnings Surprise

For the three-month period that ended June 29, Spirit AeroSystems Holdings Inc. had $3.42 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$122.2 million in the quarter, while revenues of -$52.8 million were shrunk -10.72%. The analyst consensus anticipated Spirit AeroSystems Holdings Inc.’s latest quarter earnings to come in at -$0.24 per share, but it turned out to be -$1.21, a -404.20% surprise. For the quarter, EBITDA amounted to -$19.7 million. Shareholders own equity worth $105.14 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Spirit AeroSystems Holdings Inc. (SPR) price momentum. RSI 9-day as of the close on 21 September was 26.92%, suggesting the stock is oversold, with historical volatility in this time frame at 57.69%.

As of today, SPR’s price is $25.62 -8.42% or -$2.31 from its 5-day moving average. SPR is currently trading -18.60% lower than its 20-day SMA and -42.49% lower than its 100-day SMA. However, the stock’s current price level is -21.23% below the SMA50 and -32.53% below the SMA200.

The stochastic %K and %D were 5.08% and 6.11%, respectively, and the average true range (ATR) was 1.50. With the 14-day stochastic at 3.39% and the average true range at 1.51, the RSI (14) stands at 31.50%. The stock has reached -1.89 on the 9-day MACD Oscillator while the 14-day reading was at -2.57.

Analyst Ratings

Morgan Stanley downgraded Spirit AeroSystems Holdings Inc. (NYSE: SPR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Spirit AeroSystems Holdings Inc. (SPR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SPR, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 3 analysts, while 10 others rate it as a “buy”.

What is SPR’s price target for the next 12 months?

Analysts predict a range of price targets between $35.00 and $52.00, with a median target of $46.50. Taking a look at these predictions, the average price target given by analysts for Spirit AeroSystems Holdings Inc. (SPR) stock is $45.43.

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