Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $36.56 Average PT from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been given an average rating of “Hold” by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Thirteen research analysts have rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $36.56.

A number of analysts recently issued reports on SPR shares. StockNews.com assumed coverage on Spirit AeroSystems in a research report on Saturday, March 8th. They issued a “hold” rating on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a research report on Tuesday, February 11th.

Spirit AeroSystems Stock Performance

Shares of Spirit AeroSystems stock opened at $37.82 on Wednesday. The firm has a market cap of $4.44 billion, a PE ratio of -3.05 and a beta of 1.63. The business’s 50 day simple moving average is $34.39 and its 200 day simple moving average is $33.68. Spirit AeroSystems has a 52-week low of $27.00 and a 52-week high of $37.86.

Spirit AeroSystems (NYSE:SPR) last posted its quarterly earnings data on Thursday, May 1st. The aerospace company reported ($4.25) earnings per share (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 the consensus estimate of $1.74 billion. During the same quarter in the previous year, the business earned ($3.93) EPS. The firm’s revenue was down 10.6% compared to the same quarter last year. As a group, equities research analysts predict that Spirit AeroSystems will post -11.88 EPS for the current year.

Institutional Investors Weigh In On Spirit AeroSystems

Hedge funds have recently added to or reduced their stakes in the business. GABELLI & Co INVESTMENT ADVISERS INC. increased 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 bought a new stake in shares of Spirit AeroSystems during the 4th quarter worth about $520,000. SBI Securities Co. Ltd. acquired a new position in Spirit AeroSystems in the 4th quarter valued at about $32,000. Oak Family Advisors LLC bought a new position in Spirit AeroSystems in the 4th quarter valued at about $999,000. Finally, Spectrum Financial Alliance Ltd LLC acquired a new stake in Spirit AeroSystems during the fourth quarter worth approximately $2,270,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.