Spirit AeroSystems (NYSE:SPR) Coverage Initiated at StockNews.com

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

Other research analysts also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $34.55 on Wednesday. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a 52 week low of $28.30 and a 52 week high of $37.08. The firm has a 50-day moving average price of $33.77 and a two-hundred day moving average price of $33.27.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $32,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at $49,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Spirit AeroSystems during the 4th quarter valued at $67,000. 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.