Spirit AeroSystems’ (SPR) Sector Perform Rating Reiterated at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Spirit AeroSystems (NYSE:SPR) in a research note released on Tuesday,Benzinga reports. Royal Bank of Canada currently has a $37.25 price target on the aerospace company’s stock.

Other research analysts have also recently issued reports about the stock. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a report on Tuesday, February 4th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $34.55 on Tuesday. The stock has a market capitalization of $4.04 billion, a PE ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a 52-week low of $28.30 and a 52-week high of $37.08. The company has a 50-day simple moving average of $33.77 and a two-hundred day simple moving average of $33.27.

Institutional Trading of Spirit AeroSystems

Large investors have recently added to or reduced their stakes in the business. R Squared Ltd bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $30,000. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the third quarter worth approximately $32,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems in the third quarter worth approximately $49,000. Finally, Headlands Technologies LLC bought a new position in shares of Spirit AeroSystems in the fourth quarter worth approximately $67,000. 93.59% of the stock is currently owned by institutional investors.

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.