Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPRGet Free Report) have received an average recommendation of “Hold” from the fifteen research firms that are presently covering the stock, Marketbeat.com reports. Fourteen 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 target price among brokers that have issued a report on the stock in the last year is $36.00.

A number of research firms recently weighed in on SPR. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Finally, StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Friday, February 28th. They issued a “sell” rating for the company.

Get Our Latest Report on SPR

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPR. Norges Bank bought a new position in shares of Spirit AeroSystems during the 4th quarter valued at approximately $105,879,000. National Bank of Canada FI grew its position in shares of Spirit AeroSystems by 3,996.6% during the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after acquiring an additional 2,438,974 shares during the period. Alpine Associates Management Inc. bought a new position in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $77,296,000. Adage Capital Partners GP L.L.C. grew its position in shares of Spirit AeroSystems by 73.1% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 2,438,791 shares of the aerospace company’s stock valued at $83,114,000 after acquiring an additional 1,029,989 shares during the period. Finally, Bank of Montreal Can grew its position in shares of Spirit AeroSystems by 1,744.2% during the 3rd quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock valued at $26,557,000 after acquiring an additional 758,599 shares during the period. 93.59% of the stock is owned by institutional investors.

Spirit AeroSystems Price Performance

SPR opened at $33.44 on Friday. Spirit AeroSystems has a fifty-two week low of $28.92 and a fifty-two week high of $37.08. The firm has a market capitalization of $3.91 billion, a PE ratio of -2.69 and a beta of 1.77. The company’s 50-day moving average is $34.14 and its 200 day moving average is $33.24.

Spirit AeroSystems (NYSE:SPRGet Free Report) last posted its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. As a group, analysts expect that Spirit AeroSystems will post -11.88 EPS for the current year.

About Spirit AeroSystems

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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.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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