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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) 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.

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:SPR) 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

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.