Spirit AeroSystems (NYSE:SPR) Now Covered by Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Saturday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Price Performance

NYSE SPR opened at $30.70 on Friday. The business’s fifty day moving average is $32.30 and its 200-day moving average is $32.77. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of -2.47 and a beta of 1.84. Spirit AeroSystems has a one year low of $24.11 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Research analysts expect that Spirit AeroSystems will post -12.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC bought a new position in Spirit AeroSystems in the 2nd quarter valued at $30,000. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems in the third quarter worth $32,000. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 724 shares during the period. Quest Partners LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $49,000. Finally, Quarry LP increased its stake in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the last quarter. 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.