Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $35.67 Consensus Target Price from Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) have been given a consensus recommendation of "Hold" by the seventeen analysts that are currently covering the company, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $35.67.

A number of equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Friday, January 3rd. They set a "sell" rating on the stock. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th.

Institutional Trading of Spirit AeroSystems

Several institutional investors have recently made changes to their positions in the company. Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems in the third quarter worth approximately $32,000. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems during the 3rd quarter worth $49,000. Quarry LP increased its position in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock worth $75,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV increased its position in shares of Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock worth $150,000 after purchasing an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Spirit AeroSystems in the 2nd quarter valued at about $207,000. Hedge funds and other institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Stock Up 0.8 %

Shares of NYSE SPR traded up $0.26 during trading hours on Thursday, hitting $33.88. 814,401 shares of the stock were exchanged, compared to its average volume of 1,030,760. The company has a market cap of $3.96 billion, a PE ratio of -2.73 and a beta of 1.81. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The firm has a fifty day moving average price of $32.59 and a 200-day moving average price of $33.29.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.83 billion. As a group, equities analysts anticipate that Spirit AeroSystems will post -12.64 earnings per share for the current fiscal year.

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.