Investment analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a note issued to investors on Friday. The brokerage set a "sell" rating on the aerospace company's stock.
Separately, TD Cowen upgraded shares of Spirit AeroSystems to a "strong-buy" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Spirit AeroSystems currently has an average rating of "Hold" and an average price target of $35.67.
Check Out Our Latest Analysis on Spirit AeroSystems
Spirit AeroSystems Stock Down 1.4 %
SPR stock traded down $0.47 during midday trading on Friday, hitting $33.07. The company's stock had a trading volume of 831,730 shares, compared to its average volume of 870,815. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -2.66 and a beta of 1.82. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The company has a 50 day moving average of $32.45 and a two-hundred day moving average of $33.22.
Spirit AeroSystems (NYSE:SPR - Get Free Report) last announced its quarterly earnings results 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, analysts anticipate that Spirit AeroSystems will post -12.64 earnings per share for the current fiscal year.
Institutional Trading of Spirit AeroSystems
A number of hedge funds have recently made changes to their positions in the company. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the 3rd quarter worth $32,000. Quest Partners LLC acquired a new stake in Spirit AeroSystems during the 3rd quarter valued at $49,000. Quarry LP increased its holdings in shares of Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company's stock valued at $75,000 after purchasing an additional 751 shares during the period. KBC Group NV boosted its position in Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company's stock valued at $150,000 after purchasing an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Spirit AeroSystems in the second quarter worth $207,000. Hedge funds and other 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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