Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

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

Separately, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Trading Down 1.4 %

Spirit AeroSystems stock opened at $33.07 on Friday. The firm has a market capitalization of $3.87 billion, a P/E ratio of -2.66 and a beta of 1.82. The business has a 50-day moving average of $32.49 and a 200-day moving average of $33.27. Spirit AeroSystems has a 1 year low of $25.16 and a 1 year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last posted its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Research analysts anticipate that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

Institutional investors have recently modified their holdings of the business. Earnest Partners LLC raised its stake in Spirit AeroSystems by 2.6% in the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after purchasing an additional 105,350 shares in the last quarter. National Bank of Canada FI boosted its stake in shares of 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 buying an additional 2,438,974 shares during the period. Alpine Associates Management Inc. acquired a new stake in Spirit AeroSystems during the third quarter worth approximately $77,296,000. Sei Investments Co. increased its stake in Spirit AeroSystems by 5.5% during the 2nd quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock worth $55,450,000 after acquiring an additional 88,608 shares during the period. Finally, Appian Way Asset Management LP acquired a new position in Spirit AeroSystems in the 2nd quarter valued at $39,969,000. Institutional investors own 93.59% of the company’s stock.

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.