StockNews.com Begins Coverage on Spirit AeroSystems (NYSE:SPR)

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued on Thursday. The firm set a “sell” rating on the aerospace company’s stock.

A number of other analysts have also recently weighed in on SPR. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Stock Performance

SPR opened at $33.88 on Thursday. The firm has a market cap of $3.96 billion, a P/E ratio of -2.73 and a beta of 1.80. The business has a 50 day moving average price of $33.99 and a 200 day moving average price of $33.24. Spirit AeroSystems has a twelve month low of $28.30 and a twelve month high of $37.08.

Hedge Funds Weigh In On Spirit AeroSystems

A number of hedge funds have recently made changes to their positions in the business. R Squared Ltd acquired a new stake in shares of Spirit AeroSystems during the 4th quarter valued at about $30,000. Waldron Private Wealth LLC acquired a new position in Spirit AeroSystems in the third quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems during the fourth quarter worth about $32,000. Quest Partners LLC bought a new stake in Spirit AeroSystems during the third quarter worth about $49,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $67,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Spirit AeroSystems

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, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.