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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given an average rating of “Hold” by the nineteen analysts that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $32.83.

A number of brokerages have weighed in on SPR. Susquehanna lifted their target price on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a report on Friday, April 12th. Stifel Nicolaus lifted their target price on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a report on Wednesday, March 20th. UBS Group lowered their target price on Spirit AeroSystems from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. The Goldman Sachs Group lifted their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. Finally, Royal Bank of Canada lifted their target price on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th.

Spirit AeroSystems Price Performance

Shares of SPR opened at $33.56 on Friday. Spirit AeroSystems has a 1 year low of $14.65 and a 1 year high of $36.34. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of -3.86 and a beta of 1.80. The business has a 50-day moving average of $31.37 and a 200-day moving average of $30.97.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business earned ($1.69) EPS. Spirit AeroSystems’s revenue was up 19.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Spirit AeroSystems will post -2.94 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Seven Eight Capital LP purchased a new position in Spirit AeroSystems in the fourth quarter worth $5,694,000. Norges Bank purchased a new position in Spirit AeroSystems in the fourth quarter worth $62,432,000. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 0.5% in the third quarter. Vanguard Group Inc. now owns 9,968,180 shares of the aerospace company’s stock valued at $160,886,000 after buying an additional 51,387 shares during the period. Blue Trust Inc. raised its stake in shares of Spirit AeroSystems by 33.9% in the fourth quarter. Blue Trust Inc. now owns 6,163 shares of the aerospace company’s stock valued at $196,000 after buying an additional 1,562 shares during the period. Finally, AQR Capital Management LLC bought a new stake in shares of Spirit AeroSystems in the third quarter valued at $6,748,000. Hedge funds and other 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.