Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

Equities research analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report issued on Wednesday. The firm set a “sell” rating on the aerospace company’s stock.

Several other research analysts have also commented on SPR. Barclays reissued an “equal weight” rating and issued a $37.00 price target (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Robert W. Baird reissued a “neutral” rating and set a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Stifel Nicolaus lifted their price objective on shares of Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research report on Monday, July 8th. Citigroup reissued a “neutral” rating and set a $37.25 target price (down previously from $39.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Spirit AeroSystems in a report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.54.

Spirit AeroSystems Price Performance

NYSE:SPR opened at $31.65 on Wednesday. Spirit AeroSystems has a 1-year low of $20.98 and a 1-year high of $37.08. The company has a 50-day moving average of $33.25 and a 200 day moving average of $32.93. The firm has a market cap of $3.69 billion, a PE ratio of -3.08 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.57 billion. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.46) earnings per share. Sell-side analysts anticipate that Spirit AeroSystems will post -4.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds have recently added to or reduced their stakes in SPR. Vanguard Group Inc. grew its holdings in Spirit AeroSystems by 8.8% during the fourth quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock worth $344,649,000 after acquiring an additional 876,673 shares during the period. Riverview Trust Co purchased a new position in shares of Spirit AeroSystems during the 1st quarter valued at approximately $35,000. Brookstone Capital Management acquired a new position in shares of Spirit AeroSystems in the 1st quarter valued at $405,000. MCF Advisors LLC boosted its holdings in Spirit AeroSystems by 0.8% during the first quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company’s stock worth $1,487,000 after buying an additional 343 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new stake in Spirit AeroSystems during the first quarter valued at $382,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.