Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Average Rating of “Hold” by Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Marketbeat reports. Thirteen research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $36.56.

A number of equities research analysts recently commented on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They issued a “hold” rating for the company.

Spirit AeroSystems Stock Up 0.7 %

Shares of SPR stock opened at $33.47 on Friday. Spirit AeroSystems has a 52-week low of $27.00 and a 52-week high of $37.08. The stock’s 50-day moving average price is $33.62 and its 200 day moving average price is $33.13. The stock has a market capitalization of $3.91 billion, a PE ratio of -2.70 and a beta of 1.41.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings data on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. Analysts expect that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Several institutional investors and hedge funds have recently modified their holdings of SPR. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company’s stock valued at $12,080,000 after purchasing an additional 219,057 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock valued at $15,047,000 after buying an additional 112,286 shares during the period. Proficio Capital Partners LLC purchased a new stake in Spirit AeroSystems during the 4th quarter worth $520,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth about $32,000. Finally, Oak Family Advisors LLC purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $999,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.