Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Consensus Recommendation of “Hold” by Analysts

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have been assigned a consensus recommendation of “Hold” from the seventeen research firms that are currently covering the stock, MarketBeat Ratings reports. Sixteen analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $35.67.

Several equities analysts recently commented on SPR shares. StockNews.com began coverage on Spirit AeroSystems in a research report on Sunday. They set a “sell” rating on the stock. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th.

Institutional Trading of Spirit AeroSystems

Several institutional investors have recently added to or reduced their stakes in the business. Byrne Asset Management LLC acquired a new position in shares of Spirit AeroSystems in the 2nd quarter valued at about $30,000. Waldron Private Wealth LLC acquired a new stake in Spirit AeroSystems in the third quarter worth $32,000. Allspring Global Investments Holdings LLC lifted its position in 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 purchasing an additional 724 shares during the last quarter. Quest Partners LLC bought a new stake in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Finally, Quarry LP raised its stake in Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock valued at $75,000 after acquiring an additional 751 shares in the last quarter. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

Spirit AeroSystems stock opened at $32.50 on Wednesday. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The stock’s 50-day moving average is $32.13 and its 200-day moving average is $32.74.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.83 billion. Sell-side analysts expect that Spirit AeroSystems will post -12.76 EPS for the current 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.