Spirit AeroSystems (NYSE:SPR) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report issued on Saturday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems has a consensus rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Trading Up 1.0 %

SPR stock opened at $34.25 on Friday. The stock has a 50-day moving average price of $32.59 and a two-hundred day moving average price of $33.29. The company has a market cap of $4.00 billion, a PE ratio of -2.76 and a beta of 1.81. Spirit AeroSystems has a 12-month low of $25.16 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.83 billion. Equities analysts forecast that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

Institutional investors and hedge funds have recently modified their holdings of the company. Rhumbline Advisers raised its holdings in Spirit AeroSystems by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 128,569 shares of the aerospace company’s stock valued at $4,226,000 after acquiring an additional 9,757 shares during the period. Arizona State Retirement System boosted its position in 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 buying an additional 724 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Spirit AeroSystems by 6.6% during the second quarter. American Century Companies Inc. now owns 12,850 shares of the aerospace company’s stock valued at $422,000 after acquiring an additional 794 shares during the last quarter. WINTON GROUP Ltd bought a new position in Spirit AeroSystems during the second quarter worth $2,111,000. Finally, Quantbot Technologies LP raised its stake in Spirit AeroSystems by 705.1% during the second quarter. Quantbot Technologies LP now owns 107,961 shares of the aerospace company’s stock worth $3,549,000 after buying an additional 94,552 shares during 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.