Spirit AeroSystems (NYSE:SPR) Receives Neutral Rating from Susquehanna

Susquehanna reiterated their neutral rating on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Wednesday morning, Marketbeat Ratings reports. They currently have a $37.00 price objective on the aerospace company’s stock, down from their previous price objective of $40.00.

SPR has been the subject of a number of other research reports. Wolfe Research reaffirmed a peer perform rating on shares of Spirit AeroSystems in a report on Wednesday, July 10th. Robert W. Baird reaffirmed a neutral rating and issued a $37.25 price target (up previously from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th. Stifel Nicolaus upped their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a hold rating in a report on Monday, July 8th. Barclays reissued an equal weight rating and set a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 3rd. Finally, Baird R W cut Spirit AeroSystems from a strong-buy rating to a hold rating in a report on Friday, July 12th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems has an average rating of Hold and a consensus target price of $33.60.

Spirit AeroSystems Stock Down 0.1 %

Shares of SPR stock opened at $35.01 on Wednesday. The stock has a market cap of $4.08 billion, a PE ratio of -4.03 and a beta of 1.84. The business has a 50-day simple moving average of $32.03 and a 200-day simple moving average of $31.50. Spirit AeroSystems has a 52-week low of $14.65 and a 52-week high of $36.34.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) by ($3.49). The firm had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.62 billion. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same period in the previous year, the business posted ($1.69) earnings per share. Sell-side analysts anticipate that Spirit AeroSystems will post -3.93 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. MCF Advisors LLC boosted its stake in Spirit AeroSystems by 0.8% during the first quarter. MCF Advisors LLC now owns 41,228 shares of the aerospace company’s stock worth $1,487,000 after buying an additional 343 shares during the period. Mystic Asset Management Inc. boosted its stake in Spirit AeroSystems by 0.7% during the first quarter. Mystic Asset Management Inc. now owns 52,847 shares of the aerospace company’s stock worth $1,906,000 after buying an additional 346 shares during the period. Treasurer of the State of North Carolina boosted its stake in Spirit AeroSystems by 1.0% during the fourth quarter. Treasurer of the State of North Carolina now owns 46,362 shares of the aerospace company’s stock worth $1,473,000 after buying an additional 460 shares during the period. HB Wealth Management LLC lifted its position in shares of Spirit AeroSystems by 3.2% during the fourth quarter. HB Wealth Management LLC now owns 15,035 shares of the aerospace company’s stock worth $478,000 after purchasing an additional 464 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Spirit AeroSystems by 7.7% during the fourth quarter. CWM LLC now owns 7,516 shares of the aerospace company’s stock worth $239,000 after purchasing an additional 537 shares in the last quarter. 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.