Spirit AeroSystems (NYSE:SPR) Stock Rating Reaffirmed by Citigroup

Spirit AeroSystems (NYSE:SPR)‘s stock had its “neutral” rating reissued by equities researchers at Citigroup in a report released on Wednesday, Benzinga reports. They presently have a $37.25 price objective on the aerospace company’s stock, down from their prior price objective of $39.00. Citigroup’s target price would suggest a potential upside of 9.95% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. UBS Group upped their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a report on Monday. Royal Bank of Canada lifted their price target on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Wednesday, May 8th. Stifel Nicolaus increased their price objective on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Susquehanna boosted their target price on shares of Spirit AeroSystems from $33.00 to $40.00 and gave the stock a “positive” rating in a research report on Friday, April 12th. Finally, StockNews.com downgraded shares of Spirit AeroSystems from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $33.18.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $33.88 on Wednesday. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of -3.90 and a beta of 1.84. The company’s fifty day moving average price is $31.35 and its two-hundred day moving average price is $31.21. Spirit AeroSystems has a one year low of $14.65 and a one year high of $36.34.

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

Institutional Investors Weigh In On Spirit AeroSystems

A number of large investors have recently bought and sold shares of the business. MCF Advisors LLC increased its holdings in shares of Spirit AeroSystems by 0.8% in the first quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company’s stock valued at $1,487,000 after purchasing an additional 343 shares in the last quarter. Mystic Asset Management Inc. raised its position in shares of Spirit AeroSystems by 0.7% during the first quarter. Mystic Asset Management Inc. now owns 52,847 shares of the aerospace company’s stock worth $1,906,000 after acquiring an additional 346 shares during the last quarter. Treasurer of the State of North Carolina lifted its stake in shares of Spirit AeroSystems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock valued at $1,473,000 after acquiring an additional 460 shares during the period. HB Wealth Management LLC boosted its holdings in Spirit AeroSystems by 3.2% in the fourth quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock valued at $478,000 after acquiring an additional 464 shares during the last quarter. Finally, CWM LLC increased its position in Spirit AeroSystems by 7.7% in the fourth quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 537 shares during the period. 93.59% of the stock is currently owned by institutional investors.

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.