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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average recommendation of “Hold” from the fifteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Fourteen analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $36.00.

A number of equities analysts recently commented on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating for the company. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th.

Institutional Investors Weigh In On Spirit AeroSystems

Large investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in Spirit AeroSystems in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Spirit AeroSystems in the fourth quarter worth $32,000. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems during the third quarter worth $49,000. Headlands Technologies LLC acquired a new position in Spirit AeroSystems during the fourth quarter valued at $67,000. Finally, Byrne Asset Management LLC boosted its holdings in Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,390 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Trading Down 0.3 %

SPR opened at $35.50 on Tuesday. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of -2.86 and a beta of 1.77. Spirit AeroSystems has a 12-month low of $28.92 and a 12-month high of $37.08. The business’s fifty day simple moving average is $34.15 and its 200-day simple moving average is $33.16.

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

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.