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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average rating of “Hold” from the eighteen research firms that are presently covering the firm, Marketbeat Ratings reports. Sixteen analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.38.

A number of brokerages recently commented on SPR. Wolfe Research reaffirmed a “peer perform” rating on shares of Spirit AeroSystems in a research report on Wednesday, July 10th. Stifel Nicolaus boosted their price target on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the company a “hold” rating in a report on Monday, July 8th. Robert W. Baird reiterated a “neutral” rating and set a $37.25 price objective (up from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. Truist Financial boosted their target price on Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Finally, StockNews.com initiated coverage on Spirit AeroSystems in a research note on Sunday. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Spirit AeroSystems in the 1st quarter valued at approximately $25,000. Byrne Asset Management LLC bought a new position in Spirit AeroSystems during the second quarter worth $30,000. Riverview Trust Co acquired a new position in Spirit AeroSystems during the 1st quarter valued at $35,000. Allspring Global Investments Holdings LLC boosted its holdings in Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares during the period. Finally, Manchester Capital Management LLC grew its position in Spirit AeroSystems by 586.2% in the 1st quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,659 shares during the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $32.52 on Tuesday. The firm’s 50 day moving average price is $34.17 and its two-hundred day moving average price is $33.22. Spirit AeroSystems has a twelve month low of $15.45 and a twelve month high of $37.08. The stock has a market cap of $3.79 billion, a price-to-earnings ratio of -3.74 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The company had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the firm earned ($1.46) earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, research analysts forecast that Spirit AeroSystems will post -5.57 EPS for the current fiscal 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.