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

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report published on Wednesday. The firm issued 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 objective on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Stock Performance

SPR stock opened at $33.26 on Wednesday. Spirit AeroSystems has a 52 week low of $25.16 and a 52 week high of $37.08. The company has a market capitalization of $3.89 billion, a PE ratio of -2.68 and a beta of 1.82. The company’s 50-day simple moving average is $32.12 and its 200 day simple moving average is $32.98.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly 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 during the quarter, compared to analyst estimates of $1.83 billion. On average, analysts forecast that Spirit AeroSystems will post -12.64 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pentwater Capital Management LP boosted its holdings in Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after acquiring an additional 9,066,000 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of Spirit AeroSystems by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after buying an additional 105,350 shares in the last quarter. National Bank of Canada FI grew its position in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at $77,296,000. Finally, Sei Investments Co. boosted its stake in Spirit AeroSystems by 5.5% during the second quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock worth $55,450,000 after acquiring an additional 88,608 shares in the last quarter. 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.