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Spirit AeroSystems Holdings, Inc. Message Board

  • argyle46 argyle46 Jul 11, 2013 7:12 AM Flag

    $28 price target

    July 10th, 2013 - Spirit AeroSystems Holdings (NYSE: SPR) had its price target upped by Standpoint Research from $24.00 to $28.00 in a research note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has a buy rating on the stock.

    “Spirit AeroSystems Holdings remains one of the most attractive names in the Aerospace & Defense industry on an absolute and relative basis. Up 30% for us since the March 4 recommendation (and +2200 bps versus the S&P-500), SPR (market cap $3 bln) remains undervalued at 9X estimates for next year. This is a less volatile way to play Boeing and commercial aerospace.,” the firm’s analyst commented.

    NOTE: SPR'S PRICE TARGET WILL BE RAISED FROM $28 AFTER NEXT EARNINGS.

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    • Nice to see an upgrade. I had read that we are at the beginning of a super cycle for commercial aircraft replacements so I picked up some shares recently.

      I looked at some other aircraft component manufacturers and couldn't really find a comparable company to SPR. I wanted to see what kind of margins they are achieving. The closest I could find was Triumph Group which has an Aerostructure division with $720mm in quarterly revenues. They were pulling down 15% margins here.

      I'm hoping we see margin expansion as they debug some of their programs and fill out capacity. Seems like a fair assumption.

      Any posters here with experience in this industry? Any thoughts?

 
SPR
33.45-0.43(-1.27%)Jul 25 4:03 PMEDT

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