Analysts Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Price Target at $33.60

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus recommendation of “Hold” from the twenty research firms that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $33.60.

Several brokerages recently issued reports on SPR. Benchmark reiterated a “hold” rating on shares of Spirit AeroSystems in a research report on Thursday, June 20th. UBS Group upped their target price on shares of Spirit AeroSystems from $33.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 1st. Truist Financial raised their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Royal Bank of Canada upped their price objective on Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Spirit AeroSystems in a research note on Monday, July 8th.

Institutional Trading of Spirit AeroSystems

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after acquiring an additional 109,632 shares during the period. Pentwater Capital Management LP grew its position in shares of Spirit AeroSystems by 18,132.0% in the 2nd quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock valued at $296,356,000 after purchasing an additional 9,066,000 shares during the period. Steadfast Capital Management LP increased its stake in Spirit AeroSystems by 1,274.6% during the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock worth $170,066,000 after purchasing an additional 4,371,874 shares in the last quarter. Maple Rock Capital Partners Inc. raised its holdings in Spirit AeroSystems by 7.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock worth $159,538,000 after buying an additional 296,000 shares during the period. Finally, Earnest Partners LLC lifted its stake in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after buying an additional 105,350 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

SPR opened at $35.27 on Monday. Spirit AeroSystems has a twelve month low of $14.65 and a twelve month high of $37.08. The firm has a market cap of $4.11 billion, a price-to-earnings ratio of -4.06 and a beta of 1.84. The firm’s 50-day simple moving average is $33.65 and its 200-day simple moving average is $32.50.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The business had revenue of $1.49 billion during the quarter, compared to analysts’ expectations of $1.57 billion. The business’s revenue was up 9.3% on a year-over-year basis. During the same period last year, the firm posted ($1.46) EPS. As a group, sell-side analysts anticipate that Spirit AeroSystems will post -4.21 EPS for the current fiscal year.

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.