Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report issued to clients and investors on Friday. The firm set a “sell” rating on the aerospace company’s stock.

Several other equities analysts also recently commented on SPR. Benchmark reaffirmed a “hold” rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. Barclays reaffirmed an “equal weight” rating and set a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Stifel Nicolaus lifted their price objective on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research report on Monday, July 8th. 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, Citigroup reaffirmed a “neutral” rating and issued a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. One investment analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $35.38.

Spirit AeroSystems Trading Down 0.0 %

NYSE SPR opened at $33.70 on Friday. The firm has a market cap of $3.93 billion, a PE ratio of -3.88 and a beta of 1.85. Spirit AeroSystems has a 1-year low of $14.65 and a 1-year high of $37.08. The stock has a 50-day moving average of $34.60 and a 200-day moving average of $33.15.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.57 billion. During the same quarter last year, the company earned ($1.46) EPS. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities research analysts forecast that Spirit AeroSystems will post -4.21 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of hedge funds have recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new stake in Spirit AeroSystems during the 4th quarter valued at $5,694,000. Vanguard Group Inc. increased its holdings in Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after buying an additional 109,632 shares in the last quarter. Norges Bank bought a new stake in Spirit AeroSystems in the 4th quarter worth about $62,432,000. Boulder Hill Capital Management LP purchased a new position in Spirit AeroSystems in the 4th quarter worth about $791,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 724 shares during the period. 93.59% of the stock is 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.