Spirit AeroSystems (NYSE:SPR – Free Report) had its price objective increased by Stifel Nicolaus from $34.00 to $37.25 in a research note published on Monday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the aerospace company’s stock.
SPR has been the topic of several other research reports. Barclays reaffirmed an equal weight rating and set a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Benchmark reaffirmed a hold rating on shares of Spirit AeroSystems in a research note on Thursday, June 20th. The Goldman Sachs Group raised their target price on shares of Spirit AeroSystems from $26.00 to $31.00 and gave the stock a neutral rating in a research note on Tuesday, April 16th. StockNews.com cut shares of Spirit AeroSystems from a hold rating to a sell rating in a research report on Thursday, May 9th. Finally, Citigroup reissued a neutral rating and issued a $37.25 price target (down previously from $39.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Spirit AeroSystems currently has a consensus rating of Hold and a consensus price target of $33.42.
Read Our Latest Stock Report on Spirit AeroSystems
Spirit AeroSystems Trading Up 0.3 %
Spirit AeroSystems (NYSE:SPR – Get Free Report) last posted its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) EPS for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.62 billion. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($1.69) EPS. Equities research analysts forecast that Spirit AeroSystems will post -3 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in SPR. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Spirit AeroSystems during the first quarter worth approximately $25,000. Principal Securities Inc. purchased a new stake in shares of Spirit AeroSystems during the 4th quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of Spirit AeroSystems in the 1st quarter valued at $35,000. Allspring Global Investments Holdings LLC grew its position in shares of Spirit AeroSystems by 148.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after buying an additional 724 shares during the last quarter. Finally, Manchester Capital Management LLC raised its stake in Spirit AeroSystems by 586.2% during the 1st quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 1,659 shares in the last quarter. Hedge funds and other 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.
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