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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received an average recommendation of “Hold” from the nineteen research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $31.39.

SPR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Spirit AeroSystems from a “sell” rating to a “hold” rating in a report on Wednesday, February 7th. Citigroup assumed coverage on Spirit AeroSystems in a report on Wednesday, January 17th. They set a “buy” rating and a $39.00 price target for the company. KeyCorp initiated coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a “sector weight” rating for the company. Stifel Nicolaus lifted their target price on Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Finally, TD Cowen raised Spirit AeroSystems from a “market perform” rating to an “outperform” rating and raised their price target for the company from $27.00 to $35.00 in a report on Thursday, February 8th.

Spirit AeroSystems Trading Down 0.2 %

SPR stock opened at $32.94 on Friday. The stock has a market cap of $3.82 billion, a PE ratio of -5.44, a price-to-earnings-growth ratio of 25.12 and a beta of 1.79. The stock has a 50-day moving average price of $33.26 and a two-hundred day moving average price of $29.23. Spirit AeroSystems has a 1 year low of $14.65 and a 1 year high of $36.34.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.84). The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. The company’s revenue was up 37.3% compared to the same quarter last year. During the same period last year, the firm earned ($1.46) EPS. On average, analysts forecast that Spirit AeroSystems will post 0.15 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Large investors have recently modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Spirit AeroSystems during the first quarter worth about $25,000. Principal Securities Inc. acquired a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $26,000. Riverview Trust Co bought a new position in Spirit AeroSystems in the first quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC raised its position 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 in the last quarter. Finally, Harvest Fund Management Co. Ltd bought a new stake in Spirit AeroSystems during the fourth quarter worth $124,000. 93.59% of the stock is owned by institutional investors and hedge funds.

About Spirit AeroSystems

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.