Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research note issued to investors on Monday. The firm issued a sell rating on the aerospace company’s stock.

A number of other analysts also recently weighed in on the company. UBS Group boosted their target price on Spirit AeroSystems from $33.00 to $34.00 and gave the stock a neutral rating in a research report on Monday, July 1st. Wolfe Research reissued a peer perform rating on shares of Spirit AeroSystems in a research note on Wednesday, July 10th. Baird R W cut shares of Spirit AeroSystems from a strong-buy rating to a hold rating in a research note on Friday, July 12th. Susquehanna reaffirmed a neutral rating and set a $37.00 target price (down previously from $40.00) on shares of Spirit AeroSystems in a report on Wednesday, July 17th. Finally, Truist Financial boosted their price target on shares of Spirit AeroSystems from $30.00 to $35.00 and gave the stock a hold rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and an average price target of $33.60.

Spirit AeroSystems Price Performance

Shares of NYSE:SPR opened at $34.20 on Monday. The company’s fifty day moving average price is $33.45 and its 200-day moving average price is $32.34. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of -3.94 and a beta of 1.84. Spirit AeroSystems has a one year low of $14.65 and a one year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last announced its earnings results on Monday, August 5th. The aerospace company reported ($2.73) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.98) by ($1.75). The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same period in the previous year, the business earned ($1.46) EPS. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Spirit AeroSystems will post -4.21 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPR. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Spirit AeroSystems during the 1st quarter valued at about $25,000. Principal Securities Inc. bought a new stake in Spirit AeroSystems during the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in shares of Spirit AeroSystems during the 2nd quarter worth approximately $30,000. Riverview Trust Co bought a new position in shares of Spirit AeroSystems in the 1st quarter worth approximately $35,000. Finally, Allspring Global Investments Holdings LLC raised its position 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 worth $44,000 after acquiring an additional 724 shares in the last quarter. 93.59% of the stock is owned by hedge funds and other 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.