Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Average Recommendation of “Hold” from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a consensus rating of “Hold” from the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $35.67.

Several equities research analysts have weighed in on SPR shares. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Friday, January 3rd. They set a “sell” rating for the company. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its stake in shares of Spirit AeroSystems by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after acquiring an additional 112,286 shares during the last quarter. XTX Topco Ltd bought a new position in Spirit AeroSystems during the 3rd quarter worth $217,000. National Bank of Canada FI lifted its holdings in Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after buying an additional 2,438,974 shares during the period. Wellington Management Group LLP grew its position in shares of Spirit AeroSystems by 0.8% in the 3rd 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 shares of Spirit AeroSystems in the third quarter valued at about $14,099,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Stock Up 0.8 %

SPR opened at $33.88 on Thursday. The stock has a market capitalization of $3.96 billion, a price-to-earnings ratio of -2.73 and a beta of 1.81. Spirit AeroSystems has a twelve month low of $25.16 and a twelve month high of $37.08. The company has a 50-day simple moving average of $32.56 and a 200 day simple moving average of $33.29.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) 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. Sell-side analysts anticipate that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

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.