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

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Thursday morning. The firm issued a sell rating on the aerospace company’s stock.

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

Spirit AeroSystems Stock Performance

SPR stock opened at $33.87 on Thursday. The company has a market cap of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.82. The business’s 50-day moving average is $32.30 and its two-hundred day moving average is $33.07. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share 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 analysts’ expectations of $1.83 billion. Equities analysts predict that Spirit AeroSystems will post -12.64 earnings per share for the current year.

Institutional Inflows and Outflows

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