Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Receives $38.63 Consensus Target Price from Analysts

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR) have been assigned a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $38.6250.

A number of equities research analysts have issued reports on SPR shares. Zacks Research raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Spirit Aerosystems in a report on Saturday, September 27th. Wall Street Zen raised Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Susquehanna lifted their price target on Spirit Aerosystems from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, July 14th.

Hedge Funds Weigh In On Spirit Aerosystems

Several institutional investors have recently added to or reduced their stakes in SPR. NBC Securities Inc. raised its position in Spirit Aerosystems by 113,966.7% in the first quarter. NBC Securities Inc. now owns 17,110 shares of the aerospace company’s stock worth $589,000 after acquiring an additional 17,095 shares during the period. GAMMA Investing LLC raised its holdings in shares of Spirit Aerosystems by 4,207.4% in the 1st quarter. GAMMA Investing LLC now owns 11,027 shares of the aerospace company’s stock worth $380,000 after purchasing an additional 10,771 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Spirit Aerosystems in the first quarter valued at approximately $1,003,000. Teacher Retirement System of Texas purchased a new position in Spirit Aerosystems in the first quarter valued at approximately $1,087,000. Finally, CIBRA Capital Ltd bought a new position in Spirit Aerosystems during the first quarter valued at $11,987,000. Institutional investors own 93.59% of the company’s stock.

Spirit Aerosystems Stock Down 0.6%

SPR stock opened at $38.87 on Friday. The stock’s 50 day moving average is $39.93 and its 200-day moving average is $37.73. Spirit Aerosystems has a twelve month low of $27.00 and a twelve month high of $42.33. The firm has a market capitalization of $4.56 billion, a PE ratio of -1.94 and a beta of 1.70.

Spirit Aerosystems (NYSE:SPR) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.52) by ($2.82). The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.82 billion. The company’s revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.73) earnings per share. On average, equities research analysts anticipate that Spirit Aerosystems will post -11.88 earnings per share 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.