Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a report released on Wednesday. The brokerage set a "sell" rating on the aerospace company's stock.

Other equities analysts have also recently issued reports about the company. Citigroup reissued a "neutral" rating and set a $37.25 price target (down from $39.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. UBS Group upped their price target on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the company a "neutral" rating in a research report on Monday, July 1st. Wolfe Research reissued a "peer perform" rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, August 20th. Finally, Robert W. Baird reiterated a "neutral" rating and issued a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems has an average rating of "Hold" and a consensus target price of $35.07.

Spirit AeroSystems Trading Down 1.0 %

SPR stock opened at $32.75 on Wednesday. The stock has a market capitalization of $3.82 billion, a PE ratio of -3.77 and a beta of 1.85. The stock's 50 day simple moving average is $33.37 and its 200 day simple moving average is $32.95. Spirit AeroSystems has a 12-month low of $20.98 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts' consensus estimates of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. The business's revenue was up 9.3% compared to the same quarter last year. During the same period last year, the business posted ($1.46) earnings per share. On average, research analysts predict that Spirit AeroSystems will post -4.67 earnings per share for the current year.

Hedge Funds Weigh In On Spirit AeroSystems

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in 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 buying an additional 876,673 shares during the period. Riverview Trust Co purchased a new position in Spirit AeroSystems during the 1st quarter valued at $35,000. Brookstone Capital Management bought a new position in Spirit AeroSystems in the 1st quarter valued at $405,000. MCF Advisors LLC increased its stake in Spirit AeroSystems by 0.8% in the first quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company's stock worth $1,487,000 after purchasing an additional 343 shares during the period. Finally, Hennion & Walsh Asset Management Inc. bought a new stake in shares of Spirit AeroSystems during the first quarter worth $382,000. 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.