Auriga Reiterates a 'Buy' on Spirit AeroSystems (SPR); Raising PT on Improving Underlying Trends
SPR Hot Sheet
Rating Summary:12 Buy, 6 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Auriga reiterates a 'Buy' on Spirit AeroSystems (NYSE: SPR) price target raised from $27.50 to $30.00.
Auriga analyst says, "Spirit AeroSystems reported fourth-quarter GAAP EPS of $0.42, with strong underlying operating results of $0.57 excluding several one-time items. We view charges taken in the fourth-quarter as a positive as we believe it sets the stage for a clean start to 2012. Given upward revisions to our estimates, we are increasing our price target, reflecting a consistent multiple of 11x our FY13 estimate of $2.65. Moreover, we see good likelihood for incremental multiple expansion on a sequential basis as the company begins to execute on a stronger OEM backdrop."
For an analyst ratings summary and ratings history on Spirit AeroSystems click here. For more ratings news on Spirit AeroSystems click here.
Shares of Spirit AeroSystems closed at $24.16 yesterday, with a 52 week range of $14.27-$26.49.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Auriga analyst says, "Spirit AeroSystems reported fourth-quarter GAAP EPS of $0.42, with strong underlying operating results of $0.57 excluding several one-time items. We view charges taken in the fourth-quarter as a positive as we believe it sets the stage for a clean start to 2012. Given upward revisions to our estimates, we are increasing our price target, reflecting a consistent multiple of 11x our FY13 estimate of $2.65. Moreover, we see good likelihood for incremental multiple expansion on a sequential basis as the company begins to execute on a stronger OEM backdrop."
For an analyst ratings summary and ratings history on Spirit AeroSystems click here. For more ratings news on Spirit AeroSystems click here.
Shares of Spirit AeroSystems closed at $24.16 yesterday, with a 52 week range of $14.27-$26.49.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- Barclays Maintains an 'Equalweight' on Apollo Commercial Real Estate Finance (ARI); Effectively Using Capital, But Shares Trading In-line Vs. Peers
- Barclays Cuts Estimates on Lowe's (LOW); Gross Margins Under Pressure; Performance Lags HD
- Auriga Maintains a 'Buy' on DSW Inc. (DSW); Guidance and Dividend Raised on Strong Q1
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeRelated Entities
AurigaSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
