Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Given Average Rating of "Hold" by Brokerages

Key Points

• Spirit Aerosystems Holdings, Inc. has received an average rating of "Hold" from five brokerages, with one sell recommendation, three holds, and one strong buy.
• The company's stock recently traded down by 0.6% to $38.87, with a market capitalization of approximately $4.56 billion and a price-to-earnings ratio of -1.94.
• Spirit Aerosystems reported a loss of ($3.34) earnings per share in its latest quarterly results, significantly missing analysts' expectations of a loss of ($0.52).

Spirit Aerosystems Holdings, Inc. (NYSE:SPR - Get Free Report) has earned an average rating of "Hold" from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $38.6250.

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "sell (d-)" rating on shares of Spirit Aerosystems in a report on Saturday, September 27th. Wall Street Zen raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Saturday, August 9th. Susquehanna upped their target price on shares of Spirit Aerosystems from $37.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, July 14th. Finally, Zacks Research raised shares of Spirit Aerosystems from a "strong sell" rating to a "hold" rating in a research report on Monday, September 15th.

Institutional Trading of Spirit Aerosystems

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in Spirit Aerosystems in the second quarter valued at approximately $95,804,000. Balyasny Asset Management L.P. grew its position in shares of Spirit Aerosystems by 25.7% during the second quarter. Balyasny Asset Management L.P. now owns 6,502,847 shares of the aerospace company's stock worth $248,084,000 after acquiring an additional 1,328,419 shares during the last quarter. National Bank of Canada FI grew its position in Spirit Aerosystems by 32.1% in the 2nd quarter. National Bank of Canada FI now owns 3,643,692 shares of the aerospace company's stock valued at $139,007,000 after buying an additional 884,788 shares during the last quarter. Millennium Management LLC grew its position in Spirit Aerosystems by 51.9% in the 1st quarter. Millennium Management LLC now owns 2,545,611 shares of the aerospace company's stock valued at $87,722,000 after buying an additional 870,263 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in Spirit Aerosystems by 195.6% in the 1st quarter. SG Americas Securities LLC now owns 962,903 shares of the aerospace company's stock valued at $33,182,000 after buying an additional 637,110 shares during the last quarter. 93.59% of the stock is currently owned by hedge funds and other institutional investors.

Spirit Aerosystems Stock Down 0.6%

Shares of NYSE:SPR traded down $0.25 during trading on Friday, hitting $38.87. 841,827 shares of the stock traded hands, compared to its average volume of 1,031,939. The company has a market cap of $4.56 billion, a price-to-earnings ratio of -1.94 and a beta of 1.70. The company has a fifty day moving average price of $39.93 and a two-hundred day moving average price of $37.70. Spirit Aerosystems has a 52-week low of $27.00 and a 52-week high of $42.33.

Spirit Aerosystems (NYSE:SPR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The aerospace company reported ($3.34) earnings per share for the quarter, missing the consensus estimate of ($0.52) by ($2.82). The firm had revenue of $1.64 billion for the quarter, compared to analysts' expectations of $1.82 billion. Spirit Aerosystems's quarterly revenue was up 9.6% on a year-over-year basis. During the same period last year, the business posted ($2.73) earnings per share. On average, equities research analysts predict that Spirit Aerosystems will post -11.88 EPS for the current fiscal 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.

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