Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $36.56 Consensus Target Price from Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) have been assigned an average rating of "Hold" from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Thirteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $36.56.

A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock.

Spirit AeroSystems Stock Performance

SPR traded up $0.97 during trading on Friday, reaching $34.91. 339,032 shares of the company traded hands, compared to its average volume of 2,028,702. The company has a market cap of $4.08 billion, a P/E ratio of -2.81 and a beta of 1.41. The firm has a fifty day simple moving average of $33.58 and a 200 day simple moving average of $33.15. Spirit AeroSystems has a 12-month low of $27.00 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share 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 the consensus estimate of $1.94 billion. As a group, sell-side analysts expect that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of hedge funds and other institutional investors have recently modified their holdings of SPR. Treasurer of the State of North Carolina lifted 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 valued at $1,737,000 after buying an additional 320 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Spirit AeroSystems by 10.0% in the fourth 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 last quarter. R Squared Ltd bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Finally, KBC Group NV raised its holdings in shares of Spirit AeroSystems by 24.4% during the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company's stock valued at $195,000 after buying an additional 1,126 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other 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.