Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $35.67 Consensus Target Price from Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given a consensus recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Fourteen investment 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 issued ratings on the stock in the last year is $36.00.

Several research analysts have weighed in on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com initiated coverage on shares of Spirit AeroSystems in a research report on Tuesday, February 4th. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Spirit AeroSystems

A number of hedge funds and other institutional investors have recently made changes to their positions in SPR. Alpine Associates Management Inc. boosted its stake in Spirit AeroSystems by 30.1% in the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock valued at $105,395,000 after acquiring an additional 714,984 shares during the last quarter. National Bank of Canada FI lifted its stake in Spirit AeroSystems by 3,996.6% in the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after purchasing an additional 2,438,974 shares during the last quarter. Bank of Montreal Can grew its holdings in Spirit AeroSystems by 1,744.2% during the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after purchasing an additional 758,599 shares during the period. ING Groep NV purchased a new stake in Spirit AeroSystems in the third quarter worth $16,817,000. Finally, Harvest Management LLC raised its stake in shares of Spirit AeroSystems by 84.8% in the third quarter. Harvest Management LLC now owns 483,000 shares of the aerospace company’s stock valued at $15,702,000 after buying an additional 221,600 shares during the period. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Price Performance

Shares of SPR opened at $34.53 on Monday. Spirit AeroSystems has a one year low of $28.25 and a one year high of $37.08. The company has a market cap of $4.04 billion, a PE ratio of -2.78 and a beta of 1.80. The stock has a 50-day moving average of $33.63 and a 200-day moving average of $33.27.

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.