Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $35.67 Consensus PT from Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been given a consensus rating of “Hold” by the seventeen analysts that are presently covering the firm, MarketBeat.com reports. Sixteen equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $35.67.

A number of research analysts have commented on SPR shares. StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday. They set a “sell” rating for the company. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th.

Spirit AeroSystems Price Performance

SPR opened at $34.25 on Thursday. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The stock’s 50 day simple moving average is $32.62 and its 200 day simple moving average is $33.31. The firm has a market cap of $4.00 billion, a price-to-earnings ratio of -2.76 and a beta of 1.81.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) 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 the consensus estimate of $1.83 billion. As a group, sell-side analysts anticipate that Spirit AeroSystems will post -12.64 EPS for the current year.

Hedge Funds Weigh In On Spirit AeroSystems

Several institutional investors have recently added to or reduced their stakes in SPR. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $32,000. Quest Partners LLC purchased a new position in Spirit AeroSystems during the 3rd quarter valued at $49,000. Quarry LP grew its holdings in shares of Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV grew its stake in Spirit AeroSystems by 20.1% in 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 in the last quarter. Finally, Intech Investment Management LLC purchased a new position in Spirit AeroSystems during the 2nd quarter worth $207,000. 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.