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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) has been given an average recommendation of "Hold" by the seventeen analysts that are currently covering the stock, Marketbeat.com reports. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $35.67.

A number of equities analysts recently issued reports on the stock. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Tuesday, December 10th. They issued a "sell" rating for the company. Royal Bank of Canada restated a "sector perform" rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently bought and sold shares of the business. Comerica Bank boosted its position in Spirit AeroSystems by 47.9% during the first quarter. Comerica Bank now owns 6,929 shares of the aerospace company's stock valued at $250,000 after purchasing an additional 2,244 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Spirit AeroSystems during the 2nd quarter worth $1,211,000. Blue Trust Inc. raised its holdings in shares of Spirit AeroSystems by 27.5% during the 2nd quarter. Blue Trust Inc. now owns 7,146 shares of the aerospace company's stock valued at $258,000 after purchasing an additional 1,542 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Spirit AeroSystems by 40.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 14,925 shares of the aerospace company's stock valued at $491,000 after purchasing an additional 4,336 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. increased its position in Spirit AeroSystems by 567.8% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 4,661 shares of the aerospace company's stock worth $153,000 after buying an additional 3,963 shares during the last quarter. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Price Performance

NYSE SPR traded up $0.48 on Friday, hitting $32.97. The stock had a trading volume of 1,532,204 shares, compared to its average volume of 1,493,535. The company's 50-day moving average is $32.02 and its two-hundred day moving average is $32.92. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08.

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

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.