Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Price Performance

SPR stock opened at $33.84 on Friday. The firm has a 50 day simple moving average of $32.89 and a two-hundred day simple moving average of $33.33. The stock has a market cap of $3.96 billion, a PE ratio of -2.72 and a beta of 1.81. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, research analysts expect that Spirit AeroSystems will post -11.88 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Several large investors have recently modified their holdings of SPR. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the 3rd quarter valued at approximately $32,000. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Quarry LP raised its holdings in shares of Spirit AeroSystems by 49.0% during the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 751 shares in the last quarter. KBC Group NV lifted its stake in Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Finally, Intech Investment Management LLC bought a new stake in Spirit AeroSystems in the second quarter valued at $207,000. 93.59% of the stock is owned by institutional investors.

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.