MarketIQ Analyst Report for Spirit Aerosystems Holdings Inc

3801 SOUTH OLIVER, WICHITA, KS, US
SPR

Last Updated: 10 Nov 2024

Executive Summary

Spirit Aerosystems Holdings Inc. (SPR) is a leading manufacturer of commercial aerostructures, with a market capitalization of $3.64 billion. Despite recent challenges, the company's fundamentals and technical indicators suggest potential for growth.

Company Overview

Spirit Aerosystems designs and manufactures aircraft components for major airlines and aircraft manufacturers. Headquartered in Wichita, Kansas, the company has a global presence with operations in the US, Europe, and Asia.

Fundamental Analysis

Revenue: SPR's revenue for the trailing twelve months (TTM) is $6.48 billion, with a quarterly growth of 2.2% year-over-year.
Earnings: The company reported a diluted EPS of -$12.25 for the TTM, indicating a loss.
Profitability: SPR's profit margins are negative, with a gross margin of -0.221% and an operating margin of -0.235%.
Valuation: The stock is currently trading at a forward PE ratio of 22.08, which is below the industry average.

Technical Analysis

Trend: SPR's stock price has been trending sideways in recent months.
Support and Resistance: The stock is currently trading near its 50-day moving average of $32.69, which could act as support. The 200-day moving average of $32.49 is another potential support level.
Momentum: The stock's relative strength index (RSI) is at 50, indicating neutral momentum.

Short Term Outlook

In the short term, SPR's stock price could face resistance at its 50-day moving average. However, if the company can report positive earnings or other positive news, the stock could break out of this range.

Long Term Outlook

The long-term outlook for SPR is positive. The company is well-positioned in the growing commercial aerospace industry. As the global economy recovers from the pandemic, demand for commercial aircraft is expected to increase.

Analyst Recommendations

Analysts have a mixed view on SPR. Out of 19 analysts, 1 rates the stock as a buy, 17 as a hold, and 0 as a sell. The average analyst target price is $36.85, implying an upside potential of 18.3%. Conclusion Spirit Aerosystems Holdings Inc. is a company with strong fundamentals and a positive long-term outlook. While the company is currently facing some challenges, its technical indicators suggest potential for growth in the near future. Investors should consider adding SPR to their watchlists and monitoring the company's progress.