Analysts Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Price Target at $36.00

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned a consensus recommendation of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat reports. Fourteen investment analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $36.00.

Several research firms have commented on SPR. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Finally, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th.

Spirit AeroSystems Stock Down 0.4 %

Shares of Spirit AeroSystems stock opened at $35.20 on Tuesday. Spirit AeroSystems has a twelve month low of $28.92 and a twelve month high of $37.08. The business has a 50-day moving average price of $34.24 and a 200-day moving average price of $33.20. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -2.83 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results 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. On average, equities analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of large investors have recently modified their holdings of SPR. Cerity Partners LLC lifted its stake in Spirit AeroSystems by 59.2% in the third quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after acquiring an additional 44,282 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Spirit AeroSystems by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after purchasing an additional 112,286 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $520,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Finally, Oak Family Advisors LLC purchased a new position in Spirit AeroSystems during the fourth quarter valued at approximately $999,000. Hedge funds and other institutional investors 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.