Spirit AeroSystems (NYSE:SPR) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued on Saturday. The brokerage set a “hold” rating on the aerospace company’s stock.

Several other equities research analysts have also recently weighed in on SPR. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Fifteen analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $36.00.

Spirit AeroSystems Trading Down 0.9 %

NYSE:SPR opened at $33.16 on Friday. Spirit AeroSystems has a 12 month low of $28.92 and a 12 month high of $37.08. The company has a 50-day moving average price of $34.13 and a 200-day moving average price of $33.24. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -2.67 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Equities analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Cerity Partners LLC grew its holdings in shares of Spirit AeroSystems by 59.2% during the third quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock valued at $3,872,000 after buying an additional 44,282 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after purchasing an additional 112,286 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in shares of Spirit AeroSystems in the 3rd quarter worth $77,296,000. Oak Family Advisors LLC purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth $999,000. Finally, Spectrum Financial Alliance Ltd LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at $2,270,000. 93.59% of the stock is currently owned by institutional investors.

Spirit AeroSystems Company Profile

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.