Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR – Free Report) in a research note issued to investors on Sunday. The firm issued a sell rating on the aerospace company’s stock.

A number of other equities research analysts have also weighed in on the company. Sanford C. Bernstein restated a market perform rating on shares of Spirit AeroSystems in a research report on Monday, July 8th. Barclays reaffirmed an equal weight rating and set a $37.00 target price (down from $40.00) on shares of Spirit AeroSystems in a research report on Wednesday, July 3rd. UBS Group upped their price target on Spirit AeroSystems from $33.00 to $34.00 and gave the company a neutral rating in a research report on Monday, July 1st. Robert W. Baird restated a neutral rating and set a $37.25 price objective (up from $36.00) on shares of Spirit AeroSystems in a research report on Friday, July 12th. Finally, Royal Bank of Canada reaffirmed a sector perform rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Spirit AeroSystems currently has a consensus rating of Hold and an average target price of $35.38.

View Our Latest Stock Analysis on Spirit AeroSystems

Spirit AeroSystems Trading Up 0.1 %

NYSE SPR traded up $0.03 during trading on Friday, reaching $33.11. The company’s stock had a trading volume of 1,884,844 shares, compared to its average volume of 3,262,379. The firm has a market capitalization of $3.86 billion, a price-to-earnings ratio of -3.81 and a beta of 1.85. The firm has a 50 day moving average price of $34.22 and a 200 day moving average price of $33.20. Spirit AeroSystems has a 12 month low of $15.45 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business posted ($1.46) earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. On average, equities analysts forecast that Spirit AeroSystems will post -5.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC bought a new position in shares of Spirit AeroSystems during the 2nd quarter worth approximately $924,000. Quarry LP increased its position 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 during the last quarter. Creative Planning lifted its holdings in Spirit AeroSystems by 41.0% during the second quarter. Creative Planning now owns 99,014 shares of the aerospace company’s stock worth $3,255,000 after acquiring an additional 28,775 shares during the period. The Manufacturers Life Insurance Company boosted its position in Spirit AeroSystems by 1.5% in the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock worth $723,000 after purchasing an additional 332 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C bought a new position in Spirit AeroSystems in the 2nd quarter valued at $348,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

About Spirit AeroSystems

(Get Free Report)

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.

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