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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) have been assigned a consensus rating of "Hold" from the seventeen research firms that are presently covering the firm, Marketbeat.com reports. Sixteen investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $35.54.

Several brokerages recently commented on SPR. Baird R W downgraded shares of Spirit AeroSystems from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 12th. Sanford C. Bernstein reaffirmed a "market perform" rating on shares of Spirit AeroSystems in a research note on Monday, July 8th. Robert W. Baird restated a "neutral" rating and set a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. UBS Group boosted their target price on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a "neutral" rating in a research note on Monday, July 1st. Finally, StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Wednesday. They issued a "sell" rating on the stock.

Spirit AeroSystems Price Performance

NYSE:SPR traded down $0.22 on Friday, hitting $31.44. 1,111,007 shares of the company's stock were exchanged, compared to its average volume of 3,083,878. The firm has a 50-day moving average price of $33.17 and a 200-day moving average price of $32.91. Spirit AeroSystems has a 52 week low of $20.98 and a 52 week high of $37.08. The company has a market cap of $3.66 billion, a P/E ratio of -3.62 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, research analysts expect that Spirit AeroSystems will post -4.67 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently made changes to their positions in the business. Pinnacle Associates Ltd. bought a new position in Spirit AeroSystems in the 3rd quarter worth $6,349,000. International Assets Investment Management LLC increased its stake in Spirit AeroSystems by 180,792.9% during the 3rd quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company's stock valued at $779,000 after purchasing an additional 25,311 shares in the last quarter. Waldron Private Wealth LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at about $32,000. Jade Capital Advisors LLC boosted its holdings in shares of Spirit AeroSystems by 6.6% during the 3rd quarter. Jade Capital Advisors LLC now owns 162,560 shares of the aerospace company's stock valued at $5,285,000 after acquiring an additional 10,000 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Spirit AeroSystems by 27.7% in the third quarter. Blue Trust Inc. now owns 9,125 shares of the aerospace company's stock worth $300,000 after buying an additional 1,979 shares during the last quarter. Hedge funds and other institutional investors own 93.59% of the company's stock.

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.