Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Average Rating of "Hold" by Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) has received a consensus recommendation of "Hold" from the fifteen analysts that are presently covering the firm, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $36.00.

A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds have recently modified their holdings of the stock. Cerity Partners LLC increased its stake in Spirit AeroSystems by 59.2% in the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company's stock worth $3,872,000 after purchasing an additional 44,282 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company's stock valued at $15,047,000 after acquiring an additional 112,286 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $520,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $32,000. Finally, Oak Family Advisors LLC acquired a new position in Spirit AeroSystems in the 4th quarter worth approximately $999,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Price Performance

SPR stock traded down $0.23 on Tuesday, reaching $34.49. The company's stock had a trading volume of 1,213,024 shares, compared to its average volume of 2,078,256. The firm has a fifty day moving average of $34.27 and a two-hundred day moving average of $33.21. The company has a market capitalization of $4.03 billion, a P/E ratio of -2.78 and a beta of 1.77. Spirit AeroSystems has a 52 week low of $28.92 and a 52 week high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The firm had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.94 billion. As a group, equities analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

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.