Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been assigned a consensus recommendation of “Hold” from the seventeen analysts that are covering the firm, MarketBeat.com reports. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $35.67.

A number of equities research analysts have recently weighed in on SPR shares. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Saturday. They set a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently made changes to their positions in SPR. The Manufacturers Life Insurance Company boosted its stake in Spirit AeroSystems by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in Spirit AeroSystems by 1.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock valued at $1,166,000 after buying an additional 500 shares in the last quarter. Inspire Investing LLC increased its stake in shares of Spirit AeroSystems by 6.4% in the 2nd quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock worth $351,000 after acquiring an additional 643 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after acquiring an additional 724 shares during the period. Finally, Arizona State Retirement System grew its holdings in shares of Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock valued at $1,069,000 after purchasing an additional 724 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 1.6 %

NYSE SPR opened at $31.84 on Wednesday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -2.56 and a beta of 1.84. The company has a 50-day simple moving average of $32.22 and a two-hundred day simple moving average of $32.75. Spirit AeroSystems has a 12-month low of $24.80 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Equities analysts expect that Spirit AeroSystems will post -12.76 earnings per share for the current fiscal year.

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.