Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Receives Average Recommendation of “Hold” from Analysts

Spirit Aerosystems Holdings, Inc. (NYSE:SPR) has earned an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $38.6250.

A number of brokerages have issued reports on SPR. Weiss Ratings reissued a “sell (d-)” rating on shares of Spirit Aerosystems in a research note on Wednesday, October 8th. Zacks Research raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Susquehanna lifted their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, July 14th.

Institutional Investors Weigh In On Spirit Aerosystems

Several institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of Spirit Aerosystems in the 2nd quarter valued at $95,804,000. Balyasny Asset Management L.P. lifted its stake in shares of Spirit Aerosystems by 25.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 6,502,847 shares of the aerospace company’s stock valued at $248,084,000 after purchasing an additional 1,328,419 shares during the last quarter. National Bank of Canada FI lifted its stake in shares of Spirit Aerosystems by 32.1% in the 2nd quarter. National Bank of Canada FI now owns 3,643,692 shares of the aerospace company’s stock valued at $139,007,000 after purchasing an additional 884,788 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Spirit Aerosystems by 51.9% in the 1st quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company’s stock valued at $87,722,000 after purchasing an additional 870,263 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Spirit Aerosystems by 14.3% in the 2nd quarter. State Street Corp now owns 4,803,541 shares of the aerospace company’s stock valued at $183,255,000 after purchasing an additional 600,891 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit Aerosystems Stock Performance

NYSE SPR opened at $36.73 on Tuesday. Spirit Aerosystems has a twelve month low of $27.00 and a twelve month high of $42.33. The stock has a market cap of $4.31 billion, a price-to-earnings ratio of -1.83 and a beta of 1.70. The firm’s 50 day moving average price is $39.38 and its two-hundred day moving average price is $38.51.

Spirit Aerosystems (NYSE:SPR) last posted its quarterly earnings data on Friday, October 31st. The aerospace company reported ($4.87) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.92 billion. During the same quarter last year, the firm posted ($3.03) EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, research analysts forecast that Spirit Aerosystems will post -11.88 EPS for the current fiscal year.

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.