Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report report published on Thursday morning. The brokerage issued a sell rating on the aerospace company’s stock.

Separately, TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Spirit AeroSystems has an average rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Stock Performance

SPR stock opened at $33.98 on Thursday. The firm has a 50 day simple moving average of $32.35 and a 200 day simple moving average of $33.13. The stock has a market cap of $3.97 billion, a P/E ratio of -2.74 and a beta of 1.82. Spirit AeroSystems has a 52 week low of $25.16 and a 52 week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) 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. Sell-side analysts predict that Spirit AeroSystems will post -12.64 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPR. Waldron Private Wealth LLC bought a new position in shares of Spirit AeroSystems in the third quarter valued at $32,000. Quest Partners LLC acquired a new stake in Spirit AeroSystems in the 3rd quarter valued at about $49,000. Quarry LP increased its position in Spirit AeroSystems by 49.0% during 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. KBC Group NV raised its stake in Spirit AeroSystems by 20.1% in the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after buying an additional 771 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Spirit AeroSystems in the second quarter valued at approximately $207,000. 93.59% of the stock is currently owned by institutional investors.

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.