Analysts Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) PT at $36.56

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Thirteen analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $36.56.

SPR has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock.

Spirit AeroSystems Stock Down 0.7 %

Shares of SPR stock opened at $33.25 on Friday. The firm has a market capitalization of $3.89 billion, a P/E ratio of -2.68 and a beta of 1.41. Spirit AeroSystems has a twelve month low of $27.00 and a twelve month high of $37.08. The stock’s fifty day simple moving average is $33.60 and its 200 day simple moving average is $33.14.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. As a group, equities research analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPR. XTX Topco Ltd purchased a new stake in Spirit AeroSystems in the 3rd quarter valued at $217,000. JPMorgan Chase & Co. lifted its position in shares of Spirit AeroSystems by 32.0% during the third 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 in the last quarter. Wedmont Private Capital purchased a new position in Spirit AeroSystems during the fourth quarter worth about $253,000. FNY Investment Advisers LLC increased its stake in Spirit AeroSystems by 100.0% in the 4th quarter. FNY Investment Advisers LLC now owns 10,000 shares of the aerospace company’s stock valued at $340,000 after buying an additional 5,000 shares during the last quarter. Finally, Oak Thistle LLC lifted its position in shares of Spirit AeroSystems by 12.1% during the 4th quarter. Oak Thistle LLC now owns 14,568 shares of the aerospace company’s stock worth $496,000 after buying an additional 1,568 shares in the last quarter. 93.59% of the stock is 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.