Royal Bank of Canada reaffirmed their sector perform rating on shares of Spirit AeroSystems (NYSE:SPR - Free Report) in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a $37.25 target price on the aerospace company's stock.
Other equities analysts have also recently issued research reports about the stock. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Tuesday, February 4th. They issued a "sell" rating on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Spirit AeroSystems presently has a consensus rating of "Hold" and a consensus price target of $36.00.
Check Out Our Latest Stock Report on SPR
Spirit AeroSystems Stock Up 0.0 %
Shares of NYSE:SPR traded up $0.02 during midday trading on Tuesday, reaching $34.55. The company's stock had a trading volume of 399,070 shares, compared to its average volume of 1,092,995. The firm has a 50 day moving average of $33.77 and a 200-day moving average of $33.27. The firm has a market capitalization of $4.04 billion, a P/E ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a 12-month low of $28.30 and a 12-month high of $37.08.
Hedge Funds Weigh In On Spirit AeroSystems
Several institutional investors have recently made changes to their positions in the business. R Squared Ltd purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems in the 3rd quarter worth approximately $32,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $32,000. Quest Partners LLC purchased a new stake in Spirit AeroSystems in the 3rd quarter worth approximately $49,000. Finally, Headlands Technologies LLC purchased a new stake in Spirit AeroSystems in the 4th quarter worth approximately $67,000. Institutional investors own 93.59% of the company's stock.
Spirit AeroSystems Company Profile
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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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