StockNews.com Begins Coverage on Spirit AeroSystems (NYSE:SPR)

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

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spirit AeroSystems has an average rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $30.70 on Friday. Spirit AeroSystems has a 12 month low of $24.11 and a 12 month high of $37.08. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -2.47 and a beta of 1.84. The stock’s 50-day moving average is $32.30 and its 200-day moving average is $32.76.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Research analysts anticipate that Spirit AeroSystems will post -12.76 EPS for the current year.

Institutional Trading of Spirit AeroSystems

Several hedge funds have recently made changes to their positions in the stock. Byrne Asset Management LLC bought a new stake in Spirit AeroSystems during the 2nd quarter valued at $30,000. Waldron Private Wealth LLC bought a new stake in Spirit AeroSystems during the 3rd quarter valued at $32,000. Allspring Global Investments Holdings LLC raised 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 in the last quarter. Quest Partners LLC bought a new stake in Spirit AeroSystems during the 3rd quarter valued at $49,000. Finally, Quarry LP raised its stake in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

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.