New Lifetime High Reached: Spirit AeroSystems Holdings (SPR)
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Spirit AeroSystems Holdings as such a stock due to the following factors:
- SPR has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $49.9 million.
- SPR has traded 10,720 shares today.
- SPR is trading at a new lifetime high.
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More details on SPR:
Spirit AeroSystems Holdings, Inc., through its subsidiaries, operates as a non-original equipment manufacturer (OEM) that designs, engineers, and manufactures large commercial aircraft structures worldwide. SPR has a PE ratio of 20.3. Currently there are 10 analysts that rate Spirit AeroSystems Holdings a buy, 1 analyst rates it a sell, and 3 rate it a hold.
The average volume for Spirit AeroSystems Holdings has been 1.2 million shares per day over the past 30 days. Spirit AeroSystems has a market cap of $7.2 billion and is part of the industrial goods sector and aerospace/defense industry. The stock has a beta of 1.57 and a short float of 2.6% with 2.67 days to cover. Shares are up 20.2% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Spirit AeroSystems Holdings as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins.
Highlights from the ratings report include:
- SPR's revenue growth has slightly outpaced the industry average of 0.4%. Since the same quarter one year prior, revenues slightly increased by 5.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Powered by its strong earnings growth of 81.44% and other important driving factors, this stock has surged by 83.59% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
- The debt-to-equity ratio is somewhat low, currently at 0.71, and is less than that of the industry average, implying that there has been a relatively successful effort in the management of debt levels. Although the company had a strong debt-to-equity ratio, its quick ratio of 0.98 is somewhat weak and could be cause for future problems.
- The gross profit margin for SPIRIT AEROSYSTEMS HOLDINGS is rather low; currently it is at 20.23%. Despite the low profit margin, it has increased significantly from the same period last year. Despite the mixed results of the gross profit margin, SPR's net profit margin of -6.74% significantly underperformed when compared to the industry average.
- Net operating cash flow has decreased to $33.30 million or 45.67% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- You can view the full Spirit AeroSystems Holdings Ratings Report.
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