Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Friday morning. The brokerage issued 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 research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Trading Down 1.4 %

Spirit AeroSystems stock opened at $33.07 on Friday. The firm has a market cap of $3.87 billion, a PE ratio of -2.66 and a beta of 1.82. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The stock’s 50 day simple moving average is $32.49 and its two-hundred day simple moving average is $33.24.

Spirit AeroSystems (NYSE:SPR) last posted 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 firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. On average, equities research analysts forecast that Spirit AeroSystems will post -12.64 EPS for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Several large investors have recently bought and sold shares of SPR. JPMorgan Chase & Co. lifted its stake in Spirit AeroSystems by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after acquiring an additional 112,286 shares during the last quarter. XTX Topco Ltd purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter worth $217,000. National Bank of Canada FI grew its stake in shares of Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Wellington Management Group LLP increased its holdings in Spirit AeroSystems by 0.8% in the third quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock valued at $14,686,000 after buying an additional 3,424 shares during the last quarter. Finally, Sand Grove Capital Management LLP acquired a new stake in Spirit AeroSystems in the third quarter valued at $14,099,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.