Spirit AeroSystems (NYSE:SPR) PT Raised to $40.00

Spirit AeroSystems (NYSE:SPR - Get Free Report) had its price objective hoisted by equities researchers at Susquehanna from $33.00 to $40.00 in a research report issued on Friday, Benzinga reports. The firm currently has a "positive" rating on the aerospace company's stock. Susquehanna's target price points to a potential upside of 16.69% from the company's previous close.

Other equities research analysts have also issued reports about the stock. TD Cowen raised shares of Spirit AeroSystems from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $27.00 to $35.00 in a report on Thursday, February 8th. Truist Financial increased their target price on shares of Spirit AeroSystems from $26.00 to $30.00 and gave the stock a "hold" rating in a report on Wednesday, January 10th. StockNews.com raised shares of Spirit AeroSystems from a "sell" rating to a "hold" rating in a report on Wednesday, February 7th. Citigroup assumed coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They issued a "buy" rating and a $39.00 target price for the company. Finally, Morgan Stanley cut their price objective on shares of Spirit AeroSystems from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $31.33.

Spirit AeroSystems Stock Performance

Shares of NYSE SPR traded down $0.45 during midday trading on Friday, hitting $34.28. 2,640,196 shares of the company's stock traded hands, compared to its average volume of 4,170,493. Spirit AeroSystems has a 1 year low of $14.65 and a 1 year high of $36.34. The stock has a market capitalization of $3.98 billion, a price-to-earnings ratio of -5.66, a price-to-earnings-growth ratio of 11.03 and a beta of 1.77. The firm has a fifty day moving average of $32.29 and a 200 day moving average of $27.66.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last released its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing the consensus estimate of $1.32 by ($0.84). The firm had revenue of $1.81 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same period in the prior year, the firm earned ($1.46) earnings per share. The firm's revenue was up 37.3% on a year-over-year basis. On average, equities analysts anticipate that Spirit AeroSystems will post 0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Spirit AeroSystems by 8.8% during the 4th quarter. Vanguard Group Inc. now owns 10,844,853 shares of the aerospace company's stock valued at $344,649,000 after acquiring an additional 876,673 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Spirit AeroSystems by 2.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 43,772 shares of the aerospace company's stock worth $1,391,000 after buying an additional 1,195 shares during the last quarter. Voloridge Investment Management LLC lifted its position in Spirit AeroSystems by 708.7% in the fourth quarter. Voloridge Investment Management LLC now owns 714,511 shares of the aerospace company's stock worth $22,707,000 after buying an additional 626,161 shares during the last quarter. Occudo Quantitative Strategies LP bought a new stake in Spirit AeroSystems in the fourth quarter worth $3,601,000. Finally, Baird Financial Group Inc. lifted its position in Spirit AeroSystems by 1,934.3% in the fourth quarter. Baird Financial Group Inc. now owns 343,558 shares of the aerospace company's stock worth $10,918,000 after buying an additional 326,670 shares during the last quarter. 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.