Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Average Recommendation of “Hold” by Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received an average recommendation of “Hold” from the seventeen analysts that are presently covering the company, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $35.67.

A number of research firms recently issued reports on SPR. StockNews.com started coverage on Spirit AeroSystems in a report on Friday, January 3rd. They set a “sell” rating on the stock. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th.

Spirit AeroSystems Stock Up 0.8 %

Shares of SPR opened at $33.88 on Thursday. Spirit AeroSystems has a twelve month low of $25.16 and a twelve month high of $37.08. The stock has a market capitalization of $3.96 billion, a P/E ratio of -2.73 and a beta of 1.81. The company has a 50 day moving average of $32.56 and a 200-day moving average of $33.29.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, sell-side analysts anticipate that Spirit AeroSystems will post -12.64 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waldron Private Wealth LLC acquired a new stake in Spirit AeroSystems during the 3rd quarter worth approximately $32,000. Quest Partners LLC bought a new stake in Spirit AeroSystems in the 3rd quarter valued at about $49,000. Quarry LP grew its position in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares in the last quarter. KBC Group NV increased its holdings in shares of Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after purchasing an additional 771 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Spirit AeroSystems in the second quarter valued at approximately $207,000. 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.