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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SPIRIT AEROSYS (SPR): Free Stock Analysis Report
AEROJET ROCKETD (AJRD): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
