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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) have been given a consensus rating of "Hold" by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Fourteen investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.00.

SPR has been the subject of several recent research reports. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research note on Friday. They set a "sell" rating for the company. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. Finally, Royal Bank of Canada reissued a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th.

Spirit AeroSystems Stock Down 0.4 %

SPR traded down $0.15 during trading on Friday, hitting $34.75. 2,254,185 shares of the stock were exchanged, compared to its average volume of 2,161,133. The firm has a market capitalization of $4.06 billion, a P/E ratio of -2.80 and a beta of 1.80. Spirit AeroSystems has a 1-year low of $28.92 and a 1-year high of $37.08. The stock has a fifty day moving average price of $34.11 and a two-hundred day moving average price of $33.25.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) EPS for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.94 billion. Analysts predict that Spirit AeroSystems will post -11.88 EPS for the current year.

Hedge Funds Weigh In On Spirit AeroSystems

A number of large investors have recently made changes to their positions in SPR. Treasurer of the State of North Carolina grew its position in Spirit AeroSystems by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock worth $1,737,000 after buying an additional 320 shares during the period. ProShare Advisors LLC grew its holdings in shares of Spirit AeroSystems by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock worth $263,000 after acquiring an additional 703 shares during the period. KBC Group NV increased its stake in Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock valued at $150,000 after purchasing an additional 771 shares in the last quarter. R Squared Ltd acquired a new position in Spirit AeroSystems during the fourth quarter worth $30,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems during the fourth quarter worth $32,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

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.