Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Sunday. The brokerage issued a sell rating on the aerospace company’s stock.

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

Spirit AeroSystems Stock Down 0.8 %

Shares of Spirit AeroSystems stock opened at $32.34 on Friday. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The business has a fifty day simple moving average of $32.12 and a 200 day simple moving average of $32.76. The stock has a market cap of $3.78 billion, a PE ratio of -2.60 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Analysts expect that Spirit AeroSystems will post -12.76 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently modified their holdings of the company. XTX Topco Ltd bought a new stake in shares of Spirit AeroSystems in the third quarter valued at about $217,000. National Bank of Canada FI raised its holdings in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after acquiring an additional 2,438,974 shares in the last quarter. Wellington Management Group LLP raised its holdings in Spirit AeroSystems by 0.8% during the third quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock worth $14,686,000 after acquiring an additional 3,424 shares in the last quarter. Sand Grove Capital Management LLP bought a new stake in Spirit AeroSystems during the third quarter worth about $14,099,000. Finally, Quadrature Capital Ltd bought a new stake in Spirit AeroSystems during the third quarter worth about $293,000. 93.59% of the stock is currently owned by institutional investors.

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.