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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) have been assigned a consensus rating of "Hold" from the fifteen brokerages that are covering the stock, Marketbeat.com reports. Fourteen equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $36.00.

A number of research firms have recently commented on SPR. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, StockNews.com started coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a "hold" rating on the stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. R Squared Ltd bought a new stake in Spirit AeroSystems in the fourth quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems in the fourth quarter worth about $32,000. Quest Partners LLC bought a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at about $49,000. Headlands Technologies LLC purchased a new stake in Spirit AeroSystems during the 4th quarter valued at about $67,000. Finally, Byrne Asset Management LLC grew its position in Spirit AeroSystems by 210.6% during the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after acquiring an additional 1,390 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

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Spirit AeroSystems Price Performance

Shares of SPR traded down $0.51 during mid-day trading on Tuesday, hitting $34.69. The stock had a trading volume of 1,148,915 shares, compared to its average volume of 2,084,032. Spirit AeroSystems has a 52 week low of $28.92 and a 52 week high of $37.08. The business has a fifty day moving average price of $34.24 and a 200-day moving average price of $33.20. The firm has a market cap of $4.06 billion, a P/E ratio of -2.79 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, research analysts expect that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal 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.