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

Spirit AeroSystems Holdings, Inc. (NYSE:SPR - Get Free Report) has been assigned an average rating of "Hold" from the fourteen brokerages that are currently covering the firm, Marketbeat Ratings reports. Thirteen investment analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $36.56.

Several research analysts recently weighed in on SPR shares. Royal Bank of Canada reissued a "sector perform" rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, February 11th. StockNews.com started coverage on shares of Spirit AeroSystems in a research note on Saturday, March 8th. They set a "hold" rating on the stock.

Spirit AeroSystems Trading Up 1.2%

Shares of NYSE SPR opened at $37.32 on Wednesday. The firm has a market capitalization of $4.38 billion, a PE ratio of -3.00 and a beta of 1.63. Spirit AeroSystems has a 1 year low of $27.00 and a 1 year high of $37.56. The firm's 50-day moving average is $34.10 and its 200-day moving average is $33.56.

Spirit AeroSystems (NYSE:SPR - Get Free Report) last issued its earnings results on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.14) by ($3.11). The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.74 billion. The company's revenue was down 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($3.93) earnings per share. As a group, equities research analysts anticipate that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Trading of Spirit AeroSystems

Hedge funds and other institutional investors have recently made changes to their positions in the business. GABELLI & Co INVESTMENT ADVISERS INC. raised its holdings in shares of Spirit AeroSystems by 161.8% in the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 354,457 shares of the aerospace company's stock valued at $12,080,000 after purchasing an additional 219,057 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of Spirit AeroSystems in the fourth quarter valued at approximately $520,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems during the fourth quarter worth $32,000. Oak Family Advisors LLC acquired a new position in Spirit AeroSystems during the fourth quarter worth $999,000. Finally, Spectrum Financial Alliance Ltd LLC acquired a new position in Spirit AeroSystems during the fourth quarter worth $2,270,000. 93.59% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.