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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average rating of “Hold” from the fifteen ratings firms that are covering the company, MarketBeat.com reports. Fourteen research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $36.00.

A number of research firms have recently commented on SPR. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They set a “hold” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. Finally, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th.

Institutional Investors Weigh In On Spirit AeroSystems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Norges Bank purchased a new position in Spirit AeroSystems during the fourth quarter worth about $105,879,000. National Bank of Canada FI raised 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 buying an additional 2,438,974 shares during the period. Adage Capital Partners GP L.L.C. lifted its holdings in Spirit AeroSystems by 73.1% in the fourth 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 last quarter. Bank of Montreal Can grew its position in Spirit AeroSystems by 1,744.2% in the third quarter. Bank of Montreal Can now owns 802,091 shares of the aerospace company’s stock worth $26,557,000 after acquiring an additional 758,599 shares during the period. Finally, Alpine Associates Management Inc. increased its stake in Spirit AeroSystems by 30.1% during the fourth quarter. Alpine Associates Management Inc. now owns 3,092,584 shares of the aerospace company’s stock worth $105,395,000 after acquiring an additional 714,984 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Trading Down 0.3 %

Spirit AeroSystems stock opened at $35.50 on Tuesday. The firm has a market cap of $4.15 billion, a PE ratio of -2.86 and a beta of 1.77. The stock’s 50 day simple moving average is $34.15 and its two-hundred day simple moving average is $33.16. Spirit AeroSystems has a 12 month low of $28.92 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) 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 analysts’ expectations of $1.94 billion. On average, equities research analysts forecast 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.