Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been given a consensus rating of “Hold” by the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Sixteen analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $35.54.

Several analysts have recently issued reports on SPR shares. Baird R W cut shares of Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Spirit AeroSystems in a research report on Monday, July 8th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, August 20th. Truist Financial upped their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $37.00 price target (up from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th.

Spirit AeroSystems Stock Down 0.7 %

Shares of NYSE SPR opened at $31.44 on Friday. Spirit AeroSystems has a 52-week low of $20.98 and a 52-week high of $37.08. The firm has a fifty day moving average of $33.17 and a 200-day moving average of $32.92. The stock has a market capitalization of $3.66 billion, a PE ratio of -3.62 and a beta of 1.85.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data 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 firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. Equities research analysts expect that Spirit AeroSystems will post -4.67 EPS for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently modified their holdings of SPR. Pentwater Capital Management LP raised its stake 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 in the last quarter. Steadfast Capital Management LP raised its stake in shares of Spirit AeroSystems by 1,274.6% in the 1st quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock valued at $170,066,000 after purchasing an additional 4,371,874 shares in the last quarter. Appian Way Asset Management LP acquired a new stake in shares of Spirit AeroSystems in the 2nd quarter valued at about $39,969,000. Vanguard Group Inc. raised its stake in shares of Spirit AeroSystems by 8.8% in the 4th quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company’s stock valued at $344,649,000 after purchasing an additional 876,673 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of Spirit AeroSystems by 405.9% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,069,600 shares of the aerospace company’s stock valued at $35,158,000 after purchasing an additional 858,162 shares in the last quarter. Institutional investors and hedge funds 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.