Fintel reports that on August 3, 2023, Goldman Sachs downgraded their outlook for Spirit Aerosystems Holdings Inc – (NYSE:SPR) from Buy to Neutral.

Analyst Price Forecast Suggests 65.27% Upside

As of August 2, 2023, the average one-year price target for Spirit Aerosystems Holdings Inc – is 36.94. The forecasts range from a low of 25.25 to a high of $47.25. The average price target represents an increase of 65.27% from its latest reported closing price of 22.35.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Spirit Aerosystems Holdings Inc – is 6,173MM, an increase of 14.46%. The projected annual non-GAAP EPS is 0.51.

What is the Fund Sentiment?

There are 535 funds or institutions reporting positions in Spirit Aerosystems Holdings Inc -. This is a decrease of 4 owner(s) or 0.74% in the last quarter. Average portfolio weight of all funds dedicated to SPR is 0.28%, an increase of 39.85%. Total shares owned by institutions increased in the last three months by 3.33% to 104,329K shares. The put/call ratio of SPR is 0.64, indicating a bullish outlook.

What are Other Shareholders Doing?

 

Price T Rowe Associates holds 7,077K shares representing 6.73% ownership of the company. In its prior filing, the firm reported owning 6,984K shares, representing an increase of 1.32%. The firm increased its portfolio allocation in SPR by 10.02% over the last quarter.

Wellington Management Group Llp holds 5,493K shares representing 5.22% ownership of the company. In its prior filing, the firm reported owning 6,596K shares, representing a decrease of 20.07%. The firm decreased its portfolio allocation in SPR by 3.98% over the last quarter.

Alliancebernstein holds 4,852K shares representing 4.61% ownership of the company. In it’s prior filing, the firm reported owning 6,695K shares, representing a decrease of 38.00%. The firm decreased its portfolio allocation in SPR by 19.52% over the last quarter.

TRMCX – T. Rowe Price Mid-Cap Value Fund holds 4,144K shares representing 3.94% ownership of the company. In its prior filing, the firm reported owning 4,064K shares, representing an increase of 1.95%. The firm increased its portfolio allocation in SPR by 16.31% over the last quarter.

VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 3,252K shares representing 3.09% ownership of the company. In its prior filing, the firm reported owning 3,200K shares, representing an increase of 1.58%. The firm increased its portfolio allocation in SPR by 9.45% over the last quarter.

Spirit Aerosystems Holdings Background Information
(This description is provided by the company.)

Spirit AeroSystems designs and builds aerostructures for both commercial and defense customers. With headquarters in Wichita, Kansas, Spirit operates sites in the U.S., U.K., France and Malaysia. The company’s core products include fuselages, pylons, nacelles and wing components for the world’s premier aircraft. Spirit AeroSystems focuses on affordable, innovative composite and aluminum manufacturing solutions to support customers around the globe.

This article originally appeared on Fintel

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