Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR - Get Free Report) in a research note issued to investors on Saturday. The brokerage set a "hold" rating on the aerospace company's stock.

A number of other equities analysts have also commented on SPR. TD Cowen upgraded Spirit AeroSystems to a "strong-buy" rating in a research note on Thursday, December 19th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Spirit AeroSystems currently has a consensus rating of "Hold" and a consensus price target of $36.00.

Spirit AeroSystems Stock Up 2.1 %

SPR stock traded up $0.69 during midday trading on Friday, hitting $32.86. 1,183,155 shares of the company traded hands, compared to its average volume of 2,096,059. Spirit AeroSystems has a twelve month low of $28.92 and a twelve month high of $37.08. The stock has a market capitalization of $3.84 billion, a price-to-earnings ratio of -2.65 and a beta of 1.77. The business has a 50 day simple moving average of $34.08 and a 200-day simple moving average of $33.19.

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Spirit AeroSystems (NYSE:SPR - Get Free Report) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.94 billion. Equities research analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Several institutional investors and hedge funds have recently bought and sold shares of the business. Treasurer of the State of North Carolina boosted its position in shares of Spirit AeroSystems by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company's stock valued at $1,737,000 after acquiring an additional 320 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Spirit AeroSystems by 10.0% during the fourth quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company's stock valued at $263,000 after purchasing an additional 703 shares in the last quarter. KBC Group NV grew its stake in shares of Spirit AeroSystems by 20.1% in the 3rd 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 period. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the 4th quarter worth approximately $30,000. Finally, SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the 4th quarter worth approximately $32,000. Institutional investors own 93.59% of the company's stock.

Spirit AeroSystems Company Profile

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.