Brokerages Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) PT at $36.56

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

A number of equities research analysts have recently commented on SPR shares. StockNews.com started coverage on shares of Spirit AeroSystems in a report on Saturday, March 8th. They set a "hold" rating for the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, February 11th.

Hedge Funds Weigh In On Spirit AeroSystems

Several institutional investors and hedge funds have recently bought and sold shares of the stock. R Squared Ltd purchased a new stake in Spirit AeroSystems during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Spirit AeroSystems during the fourth quarter worth approximately $32,000. Headlands Technologies LLC purchased a new stake in Spirit AeroSystems during the fourth quarter worth approximately $67,000. Byrne Asset Management LLC grew its stake in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company's stock worth $70,000 after buying an additional 1,390 shares during the period. Finally, Vestcor Inc purchased a new stake in Spirit AeroSystems during the fourth quarter worth approximately $97,000. Institutional investors and hedge funds own 93.59% of the company's stock.

Spirit AeroSystems Trading Down 0.6%

Shares of NYSE SPR traded down $0.22 during midday trading on Wednesday, reaching $37.60. 745,196 shares of the stock were exchanged, compared to its average volume of 1,973,091. The company has a market capitalization of $4.41 billion, a P/E ratio of -3.03 and a beta of 1.63. Spirit AeroSystems has a 52-week low of $27.00 and a 52-week high of $37.88. The stock has a 50 day moving average price of $34.47 and a 200-day moving average price of $33.71.

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

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.