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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) has been assigned an average recommendation of "Hold" from the seventeen research firms that are covering the company, MarketBeat reports. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $35.67.

A number of brokerages have issued reports on SPR. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Saturday. They issued a "sell" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Pentwater Capital Management LP boosted its position in Spirit AeroSystems by 18,132.0% during the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company's stock worth $296,356,000 after acquiring an additional 9,066,000 shares during the period. Steadfast Capital Management LP grew its position in Spirit AeroSystems by 1,274.6% in the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company's stock valued at $170,066,000 after buying an additional 4,371,874 shares in the last quarter. National Bank of Canada FI increased its stake in Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company's stock valued at $81,275,000 after buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter worth approximately $77,296,000. Finally, Appian Way Asset Management LP bought a new position in shares of Spirit AeroSystems in the second quarter valued at approximately $39,969,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Price Performance

Shares of SPR stock traded up $0.09 during trading hours on Wednesday, hitting $31.93. The stock had a trading volume of 2,871,935 shares, compared to its average volume of 3,017,914. The stock's 50-day moving average price is $32.22 and its two-hundred day moving average price is $32.75. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of -2.56 and a beta of 1.84. 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 posted its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. As a group, equities research analysts predict that Spirit AeroSystems will post -12.76 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.