Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a research report issued to clients and investors on Saturday. The firm set a "sell" rating on the aerospace company's stock.

Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and an average price target of $35.67.

Spirit AeroSystems Trading Up 1.6 %

Shares of NYSE SPR traded up $0.48 during midday trading on Friday, hitting $30.70. 1,098,590 shares of the company's stock were exchanged, compared to its average volume of 3,030,099. The business's fifty day moving average price is $32.30 and its two-hundred day moving average price is $32.76. The company has a market cap of $3.58 billion, a price-to-earnings ratio of -2.47 and a beta of 1.84. Spirit AeroSystems has a 12-month low of $24.11 and a 12-month high of $37.08.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Equities analysts expect that Spirit AeroSystems will post -12.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company's stock worth $44,000 after purchasing an additional 724 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of Spirit AeroSystems during the first quarter valued at approximately $466,000. Swiss National Bank raised its holdings in shares of Spirit AeroSystems by 10.2% during the first quarter. Swiss National Bank now owns 228,600 shares of the aerospace company's stock valued at $8,246,000 after acquiring an additional 21,100 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in Spirit AeroSystems by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 121,596 shares of the aerospace company's stock valued at $4,199,000 after purchasing an additional 3,859 shares during the period. Finally, M&G Plc bought a new position in Spirit AeroSystems in the 1st quarter worth $3,520,000. Institutional investors own 93.59% of the company's stock.

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.