Spirit AeroSystems (NYSE:SPR) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Saturday morning. The brokerage issued a sell rating on the aerospace company’s stock.

Separately, 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 research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Spirit AeroSystems presently has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Trading Up 2.1 %

Shares of NYSE SPR opened at $31.35 on Friday. Spirit AeroSystems has a twelve month low of $24.80 and a twelve month high of $37.08. The stock has a fifty day simple moving average of $32.25 and a 200-day simple moving average of $32.76. The stock has a market capitalization of $3.65 billion, a PE ratio of -2.52 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. On average, equities analysts predict that Spirit AeroSystems will post -12.76 earnings per share for the current year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently bought and sold shares of SPR. Allspring Global Investments Holdings LLC lifted its holdings in Spirit AeroSystems by 148.7% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock worth $44,000 after buying an additional 724 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Spirit AeroSystems during the 1st quarter worth about $466,000. Swiss National Bank lifted its holdings in Spirit AeroSystems by 10.2% during the 1st quarter. Swiss National Bank now owns 228,600 shares of the aerospace company’s stock worth $8,246,000 after buying an additional 21,100 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in Spirit AeroSystems by 3.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 121,596 shares of the aerospace company’s stock worth $4,199,000 after buying an additional 3,859 shares during the last quarter. Finally, M&G Plc purchased a new stake in shares of Spirit AeroSystems in the 1st quarter valued at about $3,520,000. 93.59% of the stock is owned by hedge funds and other institutional investors.

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.