Spirit AeroSystems Holdings, Inc. SPR saw a big move last session, as the company’s shares fell by over 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $47.62–$51.75 in the past one-month time frame, showed a sharp decline yesterday at $47.76.
The supplier of commercial airplane assemblies and components has seen a flat record when it comes to current year estimate revisions over the past few weeks (0 increases, 0 decreases), and the consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.
SPR currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is Aerojet Rocketdyne Holdings, Inc. AJRD which currently carries a Zacks Rank #1 (Strong Buy).
Is SPR going up? Or down? Predict to see what others think: Up or Down
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