Analysts Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Target Price at $35.54

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.54.

A number of equities analysts have commented on SPR shares. Susquehanna restated a “neutral” rating and issued a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Wolfe Research restated a “peer perform” rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Barclays restated an “equal weight” rating and issued a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $37.00 price target (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. Finally, Truist Financial upped their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th.

Spirit AeroSystems Trading Down 0.0 %

SPR stock opened at $31.43 on Friday. Spirit AeroSystems has a 12 month low of $20.98 and a 12 month high of $37.08. The company has a 50-day moving average price of $33.10 and a 200 day moving average price of $32.88. The stock has a market cap of $3.66 billion, a PE ratio of -2.53 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. Sell-side analysts forecast that Spirit AeroSystems will post -4.67 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Spirit AeroSystems in the first quarter worth $25,000. Byrne Asset Management LLC acquired a new stake in shares of Spirit AeroSystems in the second quarter worth $30,000. Waldron Private Wealth LLC acquired a new stake in Spirit AeroSystems during the third quarter valued at $32,000. Allspring Global Investments Holdings LLC grew its position in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares during the period. Finally, Manchester Capital Management LLC grew its position in Spirit AeroSystems by 586.2% during the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,659 shares during the period. 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.