Spirit AeroSystems (NYSE:SPR) Receives New Coverage from Analysts at StockNews.com

Equities researchers at StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Sunday. The brokerage set a “sell” rating on the aerospace company’s stock.

Several other equities research analysts also recently weighed in on SPR. UBS Group raised their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research report on Monday, July 1st. Barclays restated an “equal weight” rating and issued a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Susquehanna reaffirmed a “neutral” rating and set a $37.00 price objective (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 17th. Robert W. Baird reissued a “neutral” rating and issued a $37.25 target price (up previously from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Finally, Truist Financial raised their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $35.38.

Spirit AeroSystems Trading Up 0.1 %

Shares of NYSE:SPR opened at $33.11 on Friday. Spirit AeroSystems has a 12-month low of $15.45 and a 12-month high of $37.08. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.85. The stock has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $33.19.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. Spirit AeroSystems’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($1.46) EPS. As a group, equities research analysts predict that Spirit AeroSystems will post -5.57 EPS for the current year.

Institutional Trading of Spirit AeroSystems

Large investors have recently added to or reduced their stakes in the business. Seven Eight Capital LP purchased a new position in shares of Spirit AeroSystems during the 4th quarter worth $5,694,000. Vanguard Group Inc. lifted its position in Spirit AeroSystems by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after purchasing an additional 109,632 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Spirit AeroSystems by 148.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares during the period. Jones Road Capital Management L.P. increased its position in Spirit AeroSystems by 63.6% in the fourth quarter. Jones Road Capital Management L.P. now owns 257,275 shares of the aerospace company’s stock worth $8,176,000 after buying an additional 100,000 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of Spirit AeroSystems by 39.3% in the fourth quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company’s stock worth $62,459,000 after buying an additional 554,666 shares during the period. 93.59% of the stock is currently 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.