Brokerages Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Target Price at $36.00

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has earned an average recommendation of “Hold” from the fifteen brokerages that are covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $36.00.

A number of research firms have commented on SPR. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com started coverage on Spirit AeroSystems in a report on Saturday, March 8th. They set a “hold” rating on the stock. Finally, TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th.

Spirit AeroSystems Price Performance

SPR opened at $34.69 on Tuesday. The company’s 50 day simple moving average is $34.26 and its 200-day simple moving average is $33.21. Spirit AeroSystems has a one year low of $28.92 and a one year high of $37.08. The stock has a market capitalization of $4.06 billion, a P/E ratio of -2.79 and a beta of 1.77.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.86) by ($2.36). The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. As a group, analysts anticipate that Spirit AeroSystems will post -11.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. R Squared Ltd acquired a new stake in Spirit AeroSystems in the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new stake in Spirit AeroSystems in the 4th quarter valued at $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems in the 3rd quarter valued at $49,000. Headlands Technologies LLC acquired a new stake in shares of Spirit AeroSystems during the fourth quarter worth $67,000. Finally, Byrne Asset Management LLC raised its stake in Spirit AeroSystems by 210.6% in the 4th quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,390 shares in the last quarter. 93.59% of the stock is currently 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.