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

Investment analysts at StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Friday. The brokerage set a “sell” rating on the aerospace company’s stock.

Other analysts have also recently issued research reports about the company. Truist Financial boosted their target price on Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Susquehanna reissued a “neutral” rating and issued a $37.00 price target (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17th. Baird R W downgraded Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $37.25 price target (up from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $35.54.

Spirit AeroSystems Trading Down 0.8 %

Shares of SPR opened at $30.86 on Friday. The company’s 50 day simple moving average is $32.69 and its 200-day simple moving average is $32.82. Spirit AeroSystems has a 12-month low of $20.98 and a 12-month high of $37.08. The firm has a market cap of $3.60 billion, a PE ratio of -2.48 and a beta of 1.84.

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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. As a group, equities research analysts forecast that Spirit AeroSystems will post -9.91 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Spirit AeroSystems by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after buying an additional 109,632 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Spirit AeroSystems by 180,792.9% in the 3rd quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock valued at $779,000 after buying an additional 25,311 shares in the last quarter. Earnest Partners LLC boosted its stake in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after purchasing an additional 105,350 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in Spirit AeroSystems in the first quarter worth $5,078,000. Institutional investors and hedge funds 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.