Spirit AeroSystems (NYSE:SPR) PT Raised to $37.25 at Stifel Nicolaus

Spirit AeroSystems (NYSE:SPR) had its price target boosted by Stifel Nicolaus from $34.00 to $37.25 in a report issued on Monday, Benzinga reports. They currently have a hold rating on the aerospace company’s stock.

SPR has been the subject of several other reports. Benchmark restated a hold rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. StockNews.com downgraded shares of Spirit AeroSystems from a hold rating to a sell rating in a research report on Thursday, May 9th. The Goldman Sachs Group raised their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the company a neutral rating in a report on Tuesday, April 16th. Susquehanna boosted their target price on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a positive rating in a research note on Friday, April 12th. Finally, Barclays restated an equal weight rating and issued a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus target price of $33.42.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $34.62 on Monday. The firm has a market cap of $4.03 billion, a PE ratio of -3.98 and a beta of 1.84. The stock’s fifty day moving average price is $31.61 and its two-hundred day moving average price is $31.34. Spirit AeroSystems has a one year low of $14.65 and a one year high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing analysts’ consensus estimates of ($0.44) by ($3.49). The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.69) EPS. Sell-side analysts expect that Spirit AeroSystems will post -3 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors and hedge funds have recently bought and sold shares of SPR. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Spirit AeroSystems during the 1st quarter worth about $25,000. Principal Securities Inc. acquired a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of Spirit AeroSystems in the first quarter worth approximately $35,000. Allspring Global Investments Holdings LLC boosted its holdings in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after acquiring an additional 724 shares during the last quarter. Finally, Manchester Capital Management LLC increased its position in Spirit AeroSystems by 586.2% during the 1st quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock valued at $70,000 after purchasing an additional 1,659 shares during the period. 93.59% of the stock is currently owned by institutional investors and hedge funds.

About Spirit AeroSystems

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.