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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been assigned an average recommendation of “Hold” from the nineteen ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.83.

SPR has been the subject 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. KeyCorp began coverage on Spirit AeroSystems in a research report on Wednesday, January 17th. They issued a “sector weight” rating on the stock. Stifel Nicolaus increased their price objective on Spirit AeroSystems from $30.00 to $34.00 and gave the company a “hold” rating in a research report on Wednesday, March 20th. Citigroup began coverage on shares of Spirit AeroSystems in a research report on Wednesday, January 17th. They set a “buy” rating and a $39.00 target price on the stock. Finally, Truist Financial increased their price target on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, January 10th.

Spirit AeroSystems Trading Down 6.1 %

Spirit AeroSystems stock opened at $30.89 on Friday. Spirit AeroSystems has a 1-year low of $14.65 and a 1-year high of $36.34. The firm’s fifty day simple moving average is $33.53 and its 200-day simple moving average is $29.65. The company has a market capitalization of $3.58 billion, a P/E ratio of -5.10, a P/E/G ratio of 25.80 and a beta of 1.79.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.62 billion. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted ($1.69) earnings per share. On average, equities research analysts predict that Spirit AeroSystems will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPR. Norges Bank bought a new stake in shares of Spirit AeroSystems during the fourth quarter worth approximately $62,432,000. Balyasny Asset Management L.P. raised its position in shares of Spirit AeroSystems by 495.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,737,893 shares of the aerospace company’s stock valued at $55,230,000 after acquiring an additional 1,445,994 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $22,186,000. Barclays PLC boosted its position in shares of Spirit AeroSystems by 1,458.1% in the 3rd quarter. Barclays PLC now owns 1,079,512 shares of the aerospace company’s stock worth $17,422,000 after purchasing an additional 1,010,226 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Spirit AeroSystems by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock worth $344,649,000 after purchasing an additional 876,673 shares during the period. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.