Spirit AeroSystems (NYSE:SPR) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Wednesday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, Royal Bank of Canada reissued a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Stock Down 1.0 %

SPR opened at $33.11 on Wednesday. The firm has a market cap of $3.87 billion, a PE ratio of -2.67 and a beta of 1.82. The business has a fifty day simple moving average of $32.06 and a 200-day simple moving average of $32.98. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. On average, equities research analysts anticipate that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Institutional Trading of Spirit AeroSystems

A number of institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in Spirit AeroSystems by 1.5% during the second quarter. The Manufacturers Life Insurance Company now owns 22,001 shares of the aerospace company’s stock valued at $723,000 after purchasing an additional 332 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Spirit AeroSystems by 1.4% in the second quarter. Ensign Peak Advisors Inc now owns 35,466 shares of the aerospace company’s stock worth $1,166,000 after buying an additional 500 shares during the last quarter. Inspire Investing LLC lifted its position in shares of Spirit AeroSystems by 6.4% in the second quarter. Inspire Investing LLC now owns 10,689 shares of the aerospace company’s stock worth $351,000 after buying an additional 643 shares during the last quarter. Arizona State Retirement System lifted its position in shares of Spirit AeroSystems by 2.3% in the second quarter. Arizona State Retirement System now owns 32,537 shares of the aerospace company’s stock worth $1,069,000 after buying an additional 724 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after buying an additional 751 shares during the last quarter. Institutional investors and hedge funds 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.