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

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

Separately, Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average target price of $35.67.

Spirit AeroSystems Price Performance

Shares of NYSE SPR opened at $31.84 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of -2.56 and a beta of 1.84. Spirit AeroSystems has a 1 year low of $24.80 and a 1 year high of $37.08. The firm has a fifty day moving average price of $32.22 and a 200-day moving average price of $32.75.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results 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 company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.83 billion. On average, research analysts expect that Spirit AeroSystems will post -12.76 EPS for the current year.

Institutional Trading of Spirit AeroSystems

A number of large investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new position in Spirit AeroSystems in the third quarter worth about $217,000. National Bank of Canada FI boosted its holdings in shares of Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after purchasing an additional 2,438,974 shares during the period. Wellington Management Group LLP increased its position in shares of Spirit AeroSystems by 0.8% during the 3rd quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock valued at $14,686,000 after purchasing an additional 3,424 shares during the last quarter. Sand Grove Capital Management LLP purchased a new stake in Spirit AeroSystems during the 3rd quarter valued at $14,099,000. Finally, Quadrature Capital Ltd bought a new stake in Spirit AeroSystems in the third quarter worth $293,000. 93.59% of the stock is currently owned by institutional investors.

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.