StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR - Free Report) in a report released on Thursday. The brokerage issued a sell rating on the aerospace company's stock.
A number of other research firms have also recently weighed in on SPR. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. TD Cowen raised Spirit AeroSystems to a "strong-buy" rating in a report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $36.00.
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Spirit AeroSystems Stock Performance
Shares of SPR traded down $0.57 during mid-day trading on Thursday, reaching $33.88. The company had a trading volume of 2,157,760 shares, compared to its average volume of 1,157,805. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.80. The company's 50 day simple moving average is $33.98 and its 200 day simple moving average is $33.24. Spirit AeroSystems has a 1-year low of $28.30 and a 1-year high of $37.08.
Institutional Investors Weigh In On Spirit AeroSystems
Institutional investors have recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $30,000. Waldron Private Wealth LLC acquired a new position in shares of Spirit AeroSystems in the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at $32,000. Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems during the third quarter worth $49,000. Finally, Headlands Technologies LLC bought a new position in Spirit AeroSystems during the fourth quarter worth $67,000. Institutional investors own 93.59% of the company's stock.
About Spirit AeroSystems
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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.
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