Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Average Rating of “Hold” from Brokerages

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received a consensus rating of “Hold” from the twenty brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, seventeen have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $33.60.

Several equities research analysts have weighed in on the company. Baird R W cut Spirit AeroSystems from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 12th. UBS Group raised their price objective on Spirit AeroSystems from $33.00 to $34.00 and gave the company a “neutral” rating in a research note on Monday, July 1st. Truist Financial upped their price objective on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $37.00 target price (up from $36.00) on shares of Spirit AeroSystems in a research report on Monday, July 8th. Finally, Robert W. Baird reiterated a “neutral” rating and set a $37.25 price target (up previously from $36.00) on shares of Spirit AeroSystems in a report on Friday, July 12th.

Institutional Trading of Spirit AeroSystems

Several large investors have recently modified their holdings of the stock. Seven Eight Capital LP acquired a new position in shares of Spirit AeroSystems during the 4th quarter valued at $5,694,000. Vanguard Group Inc. raised its holdings in shares of Spirit AeroSystems by 1.0% during the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock valued at $395,128,000 after purchasing an additional 109,632 shares during the period. Norges Bank acquired a new position in shares of Spirit AeroSystems during the fourth quarter valued at about $62,432,000. Boulder Hill Capital Management LP bought a new position in shares of Spirit AeroSystems during the 4th quarter worth about $791,000. Finally, Allspring Global Investments Holdings LLC grew its stake 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 period. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Up 1.7 %

SPR stock opened at $35.28 on Monday. Spirit AeroSystems has a 52 week low of $14.65 and a 52 week high of $37.08. The business has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $32.41. The company has a market cap of $4.11 billion, a PE ratio of -4.06 and a beta of 1.84.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Monday, August 5th. The aerospace company reported ($2.73) EPS for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The firm had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.46) EPS. On average, analysts anticipate that Spirit AeroSystems will post -4.21 EPS for the current fiscal 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.