Spirit AeroSystems (NYSE:SPR) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of Spirit AeroSystems (NYSE:SPRFree Report) from a sell rating to a hold rating in a report published on Wednesday.

Several other research firms also recently issued reports on SPR. Citigroup began coverage on Spirit AeroSystems in a report on Wednesday, January 17th. They set a buy rating and a $39.00 price objective on the stock. Susquehanna increased their price objective on shares of Spirit AeroSystems from $32.00 to $33.00 and gave the company a positive rating in a research note on Wednesday. Sanford C. Bernstein upgraded shares of Spirit AeroSystems from a market perform rating to an outperform rating and upped their target price for the company from $25.00 to $29.00 in a research note on Monday, October 23rd. KeyCorp started coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a sector weight rating for the company. Finally, Morgan Stanley dropped their price target on Spirit AeroSystems from $35.00 to $33.00 and set an equal weight rating on the stock in a research report on Wednesday. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and an average price target of $30.22.

Read Our Latest Stock Report on SPR

Spirit AeroSystems Stock Performance

NYSE SPR opened at $28.33 on Wednesday. The company’s 50 day moving average price is $28.83 and its 200 day moving average price is $24.15. Spirit AeroSystems has a one year low of $14.65 and a one year high of $38.34.

Spirit AeroSystems (NYSE:SPRGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion during the quarter, compared to the consensus estimate of $1.74 billion. Spirit AeroSystems’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.46) EPS. Equities analysts anticipate that Spirit AeroSystems will post 0.72 earnings per share for the current year.

Institutional Trading of Spirit AeroSystems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC acquired a new stake in shares of Spirit AeroSystems during the 1st quarter valued at $576,000. Natixis Advisors L.P. purchased a new position in Spirit AeroSystems in the 1st quarter worth about $772,000. MetLife Investment Management LLC acquired a new stake in Spirit AeroSystems during the 1st quarter worth about $169,000. Panagora Asset Management Inc. purchased a new stake in Spirit AeroSystems during the first quarter valued at about $200,000. Finally, BlackRock Inc. boosted its holdings in shares of Spirit AeroSystems by 4.0% in the first quarter. BlackRock Inc. now owns 5,332,086 shares of the aerospace company’s stock worth $260,687,000 after buying an additional 205,899 shares during the period. Institutional investors own 88.05% of the company’s stock.

About Spirit AeroSystems

(Get Free Report)

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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