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

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued on Sunday. The brokerage set a “sell” rating on the aerospace company’s stock.

Separately, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One 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. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Performance

Shares of SPR opened at $32.50 on Friday. The firm has a market cap of $3.80 billion, a PE ratio of -2.62 and a beta of 1.84. Spirit AeroSystems has a 52-week low of $25.16 and a 52-week high of $37.08. The business’s 50 day moving average price is $32.13 and its two-hundred day moving average price is $32.73.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPR. Vanguard Group Inc. increased its stake 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 valued at $395,128,000 after buying an additional 109,632 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its holdings in Spirit AeroSystems by 7.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 12,968 shares of the aerospace company’s stock worth $468,000 after acquiring an additional 921 shares during the period. Gabelli Funds LLC boosted its position in Spirit AeroSystems by 608.1% in the first quarter. Gabelli Funds LLC now owns 52,400 shares of the aerospace company’s stock worth $1,890,000 after purchasing an additional 45,000 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in Spirit AeroSystems by 7.9% in the 1st quarter. Public Employees Retirement System of Ohio now owns 47,226 shares of the aerospace company’s stock valued at $1,703,000 after purchasing an additional 3,454 shares during the period. Finally, Bayesian Capital Management LP purchased a new stake in shares of Spirit AeroSystems during the 1st quarter valued at $267,000. 93.59% of the stock is owned by institutional investors.

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.