Citigroup initiated coverage on Spirit Aerosystems with a new price target
$SPR
Military/Government/Technical
Industrials
Citigroup initiated coverage of Spirit Aerosystems with a rating of Buy and set a new price target of $39.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/20/2024 | Buy → Hold | The Benchmark Company | |
| 2/8/2024 | $27.00 → $35.00 | Market Perform → Outperform | TD Cowen |
| 1/17/2024 | $39.00 | Buy | Citigroup |
| 1/17/2024 | Sector Weight | KeyBanc Capital Markets | |
| 12/20/2023 | $22.00 → $35.00 | Underweight → Equal-Weight | Morgan Stanley |
| 12/1/2023 | $28.00 | Hold | Stifel |
| 11/30/2023 | $30.00 → $36.00 | Neutral → Outperform | Robert W. Baird |
| 11/9/2023 | $34.00 | Peer Perform → Outperform | Wolfe Research |
SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
SC 13G - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
SC 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
The Benchmark Company downgraded Spirit Aerosystems from Buy to Hold
TD Cowen upgraded Spirit Aerosystems from Market Perform to Outperform and set a new price target of $35.00 from $27.00 previously
Citigroup initiated coverage of Spirit Aerosystems with a rating of Buy and set a new price target of $39.00
WICHITA, Kan., May 1, 2025 /PRNewswire/ -- First Quarter 2025 Revenues of $1.5 billionEPS of $(5.21); Adjusted EPS* of $(4.25)Cash used in operations of $420 million; Free cash flow* usage of $474 millionSpirit AeroSystems Holdings, Inc. (NYSE:SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported first quarter 2025 financial results. Revenue Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly the Boeing 737 program. For the Boeing 737 program, production
WICHITA, Kan., April 28, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) announced that Spirit has entered into a definitive agreement with Airbus SE to transfer ownership of certain assets and sites involved in the production of Airbus aerostructures to Airbus. The divestiture of these assets is expected to close concurrently with Spirit's previously announced acquisition by The Boeing Company. Both transactions are subject to regulatory approvals, among other closing conditions, and are expected to close in the third quarter of 2025. At the closing of thi
WICHITA, Kan., April 23, 2025 /PRNewswire/ -- Spirit AeroSystems Holdings, Inc. (NYSE:SPR) today announced that John L. Plueger, Chief Executive Officer of Air Lease Corporation, will depart the Spirit AeroSystems Board of Directors after 10 years of service as a board member. Plueger will not be standing for re-election, and his departure will be effective, at Spirit's annual meeting of stockholders to be held on May 23, 2025. Plueger's departure comes as he focuses on expanded responsibilities at Air Lease Corporation following the retirement of its executive chairman Steven
SCHEDULE 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
SCHEDULE 13G/A - Spirit AeroSystems Holdings, Inc. (0001364885) (Subject)
10-Q - Spirit AeroSystems Holdings, Inc. (0001364885) (Filer)
Allegion plc (NYSE:ALLE), a leading global security products and solutions provider, has appointed Stacy Cozad as senior vice president, general counsel and corporate secretary, effective Aug. 5, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240701071652/en/Stacy Cozad (Photo: Business Wire) In this role, Cozad will have responsibility for Allegion's global legal affairs, trade compliance, enterprise risk management and corporate communications functions. She will succeed Jeff Braun, who has announced plans to retire on Dec. 31, 2024, and will serve as an advisor during the transition. Cozad has nearly 30 years of exper
Enters into Term Sheet for Airbus to Assume Ownership of Certain Airbus Program Assets WICHITA, Kan., July 1, 2024 /PRNewswire/ -- Spirit AeroSystems (NYSE:SPR) ("Spirit") today announced it has entered into a definitive merger agreement under which The Boeing Company (NYSE:BA) ("Boeing") will acquire Spirit for $37.25 per share in Boeing common stock (subject to the collar described below). At $37.25 per share, this represents an equity value of approximately $4.7 billion and an enterprise value of approximately $8.3 billion including Spirit's last reported net debt. The price of $37.25 per share represents a 30% premium to Spirit's closing stock price of $28.60 on February 29, 2024, the da
- Demonstrates commitment to aviation safety, improves quality for Boeing Commercial Airplanes- Leverages Boeing enterprise engineering and manufacturing capabilities - Maintains continuity for key U.S. defense and national security programs- Supports supply chain stability and critical manufacturing workforce- Provides long-term value for commercial and defense customers, employees and shareholders ARLINGTON, Va., July 1, 2024 /PRNewswire/ -- Boeing (NYSE:BA) today announced it has entered into a definitive agreement to acquire Spirit AeroSystems (NYSE:SPR). The merger is an all-stock transaction at an equity value of approximately $4.7 billion, or $37.25 per share. The total transaction va
4 - Spirit AeroSystems Holdings, Inc. (0001364885) (Issuer)
4 - Spirit AeroSystems Holdings, Inc. (0001364885) (Issuer)
4 - Spirit AeroSystems Holdings, Inc. (0001364885) (Issuer)
WICHITA, Kan., May 1, 2025 /PRNewswire/ -- First Quarter 2025 Revenues of $1.5 billionEPS of $(5.21); Adjusted EPS* of $(4.25)Cash used in operations of $420 million; Free cash flow* usage of $474 millionSpirit AeroSystems Holdings, Inc. (NYSE:SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported first quarter 2025 financial results. Revenue Spirit's revenue in the first quarter of 2025 decreased from the same period of 2024, primarily due to lower production activity on most Boeing programs, particularly the Boeing 737 program. For the Boeing 737 program, production
WICHITA, Kan., Feb. 28, 2025 /PRNewswire/ -- Fourth Quarter 2024 Revenues of $1.7 billionEPS of $(5.38); Adjusted EPS* of $(4.22)Cash provided by operations of $137 million; Free cash flow* of $91 millionSpirit AeroSystems Holdings, Inc. (NYSE:SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported fourth quarter and full-year 2024 financial results. "As we advance toward the anticipated close of the acquisition by Boeing in mid-2025, we continue to make meaningful progress on several key fronts," said Pat Shanahan, President and Chief Executive Officer, Spirit AeroSy
WICHITA, Kan., Oct. 23, 2024 /PRNewswire/ -- Third Quarter 2024 Revenues of $1.5 billionEPS of $(4.07); Adjusted EPS* of $(3.03)Cash used in operations of $276 million; Free cash flow* usage of $323 millionSpirit AeroSystems Holdings, Inc. (NYSE:SPR) ("Spirit," "Spirit AeroSystems" or the "Company") reported third quarter 2024 financial results. "We remain on track to close the acquisition by Boeing in mid-2025, while also continuing to focus on safety, compliance and quality," said Pat Shanahan, President and Chief Executive Officer, Spirit AeroSystems. "Our process improvem