Brokerages Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Target Price at $35.67

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given an average recommendation of “Hold” by the seventeen brokerages that are covering the firm, Marketbeat.com reports. Sixteen research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $35.67.

SPR has been the topic of several recent analyst reports. StockNews.com assumed coverage on shares of Spirit AeroSystems in a report on Saturday, November 16th. They issued a “sell” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, August 20th.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $32.50 on Wednesday. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The firm has a market capitalization of $3.80 billion, a price-to-earnings ratio of -2.62 and a beta of 1.84. The stock has a 50 day moving average of $32.13 and a 200 day moving average of $32.73.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.83 billion. Analysts forecast that Spirit AeroSystems will post -12.76 EPS for the current year.

Hedge Funds Weigh In On Spirit AeroSystems

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after acquiring an additional 109,632 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Spirit AeroSystems in the third quarter valued at approximately $77,296,000. International Assets Investment Management LLC raised its holdings in Spirit AeroSystems by 180,792.9% during the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock worth $779,000 after purchasing an additional 25,311 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Spirit AeroSystems by 2.6% during the 2nd quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock worth $134,644,000 after buying an additional 105,350 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Spirit AeroSystems during the 2nd quarter worth approximately $924,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.