StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR - Free Report) in a research report sent to investors on Thursday. The brokerage issued a sell rating on the aerospace company's stock.
SPR has been the topic of several other research reports. TD Cowen raised shares of Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and an average target price of $36.00.
Check Out Our Latest Research Report on SPR
Spirit AeroSystems Stock Performance
Shares of NYSE:SPR traded down $0.57 on Thursday, hitting $33.88. The company's stock had a trading volume of 2,157,760 shares, compared to its average volume of 1,059,321. Spirit AeroSystems has a 12 month low of $28.30 and a 12 month high of $37.08. The stock's 50-day moving average is $33.99 and its two-hundred day moving average is $33.24. The company has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.80.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Spirit AeroSystems in the 4th quarter valued at approximately $30,000. Waldron Private Wealth LLC acquired a new position in shares of Spirit AeroSystems during the 3rd quarter worth $32,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at $32,000. Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems in the 3rd quarter valued at $49,000. Finally, Headlands Technologies LLC acquired a new position in Spirit AeroSystems during the fourth quarter worth $67,000. Hedge funds and other 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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