Spirit AeroSystems (SPR) is set to undergo significant leadership and organizational changes following its acquisition by Boeing (BA, Financial) later this year. Sean Black, currently serving as the chief engineer at Spirit AeroSystems, has been appointed to lead the company's Wichita site. This development comes in anticipation of Boeing's completion of its purchase of Spirit.
In his new role, Black will assume the position of general manager at Boeing Wichita. His responsibilities will also extend internationally, overseeing parts of Spirit's operations in Prestwick, Scotland, and Belfast, Northern Ireland. The transition in leadership is outlined in official communications from Stephanie Pope, CEO of Boeing Commercial Airplanes, and Pat Shanahan, CEO of Spirit AeroSystems.
This leadership change marks a strategic realignment for Spirit AeroSystems as it becomes integrated within Boeing's broader framework, aiming to fortify and expand their collaborative operations across key international locations.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Boeing Co (BA, Financial) is $194.88 with a high estimate of $233.00 and a low estimate of $111.00. The average target implies an upside of 20.05% from the current price of $162.34. More detailed estimate data can be found on the Boeing Co (BA) Forecast page.
Based on the consensus recommendation from 29 brokerage firms, Boeing Co's (BA, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Boeing Co (BA, Financial) in one year is $188.90, suggesting a upside of 16.36% from the current price of $162.34. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Boeing Co (BA) Summary page.
