Aerospace Industry Faces More Downgrades, But Recovery Expected, Says Analyst
Aerospace Industry Faces More Downgrades, But Recovery Expected, Says Analyst
Stifel analyst Bert W. Subin expressed his view on The Boeing Company's (NYSE:BA) reported proposition to acquire Spirit Aerosystems Holdings, Inc. (NYSE:SPR) in a deal valuing the company at approximately $35 per share.
Stifel分析師Bert W. Subin就波音公司（NYSE:BA）提出以大約35美元/股的價格收購Spirit Aerosystems Holdings，Inc.（NYSE:SPR）的報導表達了他的看法。
Subin says that if confirmed, the buyout aligns with their expectation that Boeing would aim to offer a price reflecting a reasonable premium compared to Spirit's pre-announcement trading level (estimated around 20%, which would represent approximately 22%).
Subin表示，如果得到證實，收購將與他們的預期相一致，即波音將力求提供與Spirit宣佈前的交易水平相比合理的溢價價格（估計約爲20%，相當於約22%）。
The analyst adds that they view the $35 per share offer as reasonable for both Boeing and Spirit AeroSystems and would value Spirit AeroSystems at around $4.1 billion.
分析師補充說，他們認爲每股35美元的報價對波音和Spirit AeroSystems都合理，並且將爲Spirit AeroSystems的市值定爲約41億美元。
Based on Boeing's closing price of $179.10 on Monday, acquiring Spirit AeroSystems at this price would require approximately 22.7 million shares of Boeing (~4% dilution), assuming an all-equity transaction, with potential refinancing or repayment of debt afterward, writes the analyst.
根據週一波音公司股價爲179.10美元的收盤價，以這個價格收購Spirit AeroSystems將需要約2270萬股波音股票（約4%股權稀釋），如果是一項全股權交易，之後可能需要再融資或償還債務，分析師寫道。
Related: Boeing Nears Deal To Reacquire Spirit AeroSystems In Wake Of Airbus Negotiations: Report
相關報道稱，波音即將在與空客的談判中重獲零部件製造商Spirit AeroSystems的股份。
Apart from this, Airbus SE (OTC:EADSY), Boeing's European competitor, revised its 2024 adjusted earnings lower by roughly EUR5.5 billion (approximately $5.9 billion), which weighs down on Boeing shares today.
除此之外，波音的歐洲競爭對手空中客車集團（OTC:EADSY）將其2024年調整後收益下調了約55億歐元（約59億美元），這對波音股價產生了壓力。
Truist analyst Michael Ciarmoli writes that they anticipated ongoing challenges for commercial aerospace OEMs this quarter.
Truist分析師Michael Ciarmoli認爲本季度商用航空OEM仍面臨持續的挑戰。
However, with this downward revision and recent production delays at Boeing, the analyst anticipates these factors to further amplify downward revisions throughout the supply chain.
但是，隨着這種下行修訂以及波音最近的生產延誤，分析師預計這些因素將進一步放大供應鏈的下行修訂。
Ciarmoli reaffirmed confidence in the long-term recovery of commercial aerospace OEMs, having thoroughly evaluated exposure across platforms and identified potential upside within the coverage universe.
Ciarmoli重申對商業航空OEM的長期恢復的信心，對平台的曝光進行了徹底評估，並確定了涵蓋範圍內的潛在上漲。
Boeing stock has lost around 15% in the last 12 months. Investors can gain exposure to the stock via IShares U.S. Aerospace & Defense ETF (BATS:ITA) and Invesco Aerospace & Defense ETF (NYSE:PPA).
在過去的12個月中，波音股票下跌約15%。投資者可以通過iShares美國航空航天與國防ETF(BATS:ITA)和景順航空航天與國防ETF(NYSE:PPA)來獲得該股票的投資。
Price Action: BA shares are down 2.8% at $174.08 at the last check Tuesday.
股票價格變動：截至上週二最後一次交易時，BA股票下跌2.8%，至174.08美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。