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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat Ratings reports. Sixteen equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $35.67.

Several equities research analysts have recently issued reports on SPR shares. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Tuesday, December 10th. They set a “sell” rating for the company.

Spirit AeroSystems Price Performance

Shares of SPR opened at $32.97 on Friday. The business’s 50 day simple moving average is $32.02 and its 200-day simple moving average is $32.92. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -2.65 and a beta of 1.82.

Spirit AeroSystems (NYSE:SPR) last released its quarterly 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, sell-side analysts expect that Spirit AeroSystems will post -12.64 earnings per share for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of large investors have recently modified their holdings of SPR. Byrne Asset Management LLC purchased a new position in shares of Spirit AeroSystems in the 2nd quarter valued at approximately $30,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the third quarter valued at $32,000. Quest Partners LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $49,000. Quarry LP raised its stake in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the last quarter. Finally, KBC Group NV lifted its position in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Hedge funds and other 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.