Spirit Aerosystems (NYSE:SPR) PT Set at $40.00 by Susquehanna

Spirit Aerosystems (NYSE:SPR - Get Free Report) has been assigned a $40.00 price target by analysts at Susquehanna in a research report issued on Monday, Marketbeat reports. The firm currently has a "neutral" rating on the aerospace company's stock. Susquehanna's price objective would suggest a potential downside of 0.97% from the company's previous close.

Spirit Aerosystems Stock Performance

Spirit Aerosystems stock traded up $0.46 during trading hours on Monday, hitting $40.39. 249,237 shares of the stock were exchanged, compared to its average volume of 1,289,355. The stock has a market capitalization of $4.74 billion, a P/E ratio of -2.22 and a beta of 1.61. Spirit Aerosystems has a 12 month low of $27.00 and a 12 month high of $40.73. The business's 50-day moving average is $37.55 and its two-hundred day moving average is $35.20.

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

Institutional Trading of Spirit Aerosystems

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Spirit Aerosystems by 48.1% in the second quarter. Farther Finance Advisors LLC now owns 1,029 shares of the aerospace company's stock valued at $39,000 after buying an additional 334 shares during the period. Assenagon Asset Management S.A. bought a new stake in Spirit Aerosystems in the second quarter valued at approximately $1,679,000. Longboard Asset Management LP bought a new stake in Spirit Aerosystems in the second quarter valued at approximately $234,000. Wedmont Private Capital increased its stake in Spirit Aerosystems by 6.8% in the second quarter. Wedmont Private Capital now owns 7,889 shares of the aerospace company's stock valued at $315,000 after purchasing an additional 505 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Spirit Aerosystems by 3.2% in the second quarter. Harbor Capital Advisors Inc. now owns 30,045 shares of the aerospace company's stock valued at $1,146,000 after purchasing an additional 943 shares in the last quarter. 93.59% of the stock is owned by institutional investors.

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.