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Is Now the Time to Invest in Spirit AeroSystems Holdings Inc. (SPR)?

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Many stocks have been testing new highs in 2020, and one of the most notable is Spirit AeroSystems Holdings Inc. (SPR). Currently, SPR is trading at $36.74 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $23.14.

To add more color to this target, the company’s high over the last year is $92.81 and the low is $13.69. Over the last 52 weeks, SPR is down -60.41% while the S&P 500 is up 1.21%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, SPR reported a profit of $-35.2 million. Spirit AeroSystems Holdings Inc. also saw revenues decrease to $1.08 billion. In addition, SPR has free cash flow of -$362.3 million as of 03-2020 The company’s EBITDA came in at -$98.3 million which compares well with its peers.

SPR booked profit margins of 2.90%, its Return on Equity (ROE) is 12.90%, and its Return on Assets is 2.90%. All told, it is clear that, SPR needs to be on your watchlist.

About Spirit AeroSystems Holdings Inc.

If readers are unfamiliar, Spirit AeroSystems Holdings, Inc. designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services. The Propulsion Systems segment offers 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 provides wings and wing components, such as flight control surfaces; and other miscellaneous structural parts primarily to aircraft OEMs, as well as related spares and MRO services. Spirit AeroSystems Holdings, Inc. also offers low observables comprising radar absorbent and translucent materials; rotorcrafts that include forward cockpits and cabins; and other military services, such as fabrication, bonding, assembly, testing, tooling, processing, engineering analysis, and training. The company was formerly known as Mid-Western Aircraft Systems Holdings, Inc. Spirit AeroSystems Holdings, Inc. was founded in 1927 and is headquartered in Wichita, Kansas.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. SPR has a short ratio of 1.59 and outstanding shares of 103.70M.

Company Outlook

SPR has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 9.76 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.93. Spirit AeroSystems Holdings Inc. SPR also noted assets of $7.0 billion at the end of the last quarter. Investors should also keep an eye on sector updates as SPR has historically followed its peers on positive news.

All told, Spirit AeroSystems Holdings Inc. SPR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, SPR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Spirit AeroSystems Holdings Inc. SPR is now commanding a market cap of 3.58B and a float of 97.53M. SPR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of SPR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in SPR, either long or short, and we have not been compensated for this article.

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