StockNews.com Begins Coverage on Spirit AeroSystems (NYSE:SPR)

Analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a report issued on Sunday. The firm set a "sell" rating on the aerospace company's stock.

Separately, TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $35.67.

Spirit AeroSystems Trading Up 0.2 %

Shares of SPR stock traded up $0.07 during trading hours on Friday, reaching $33.84. 2,232,849 shares of the company's stock were exchanged, compared to its average volume of 1,081,201. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08. The stock has a market cap of $3.96 billion, a PE ratio of -2.72 and a beta of 1.81. The stock's fifty day moving average price is $32.84 and its two-hundred day moving average price is $33.33.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, equities analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPR. National Bank of Canada FI increased its holdings in Spirit AeroSystems by 3,996.6% in the third 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 last quarter. Alpine Associates Management Inc. purchased a new stake in Spirit AeroSystems during the third quarter worth approximately $77,296,000. Appian Way Asset Management LP acquired a new stake in Spirit AeroSystems during the second quarter worth approximately $39,969,000. Bank of Montreal Can lifted its position in shares of Spirit AeroSystems by 1,744.2% during the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company's stock worth $26,557,000 after buying an additional 758,599 shares during the last quarter. Finally, ING Groep NV acquired a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $16,817,000. Institutional investors and hedge funds own 93.59% of the company's stock.

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.