Spirit Aerosystems Holdings, Inc. (NYSE:SPR) Given Average Recommendation of “Hold” by Analysts

by · The Cerbat Gem

Shares of Spirit Aerosystems Holdings, Inc. (NYSE:SPR – Get Free Report) have earned a consensus recommendation of “Hold” from the five research firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $38.6250.

A number of research analysts have recently commented on SPR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Spirit Aerosystems in a research report on Wednesday, October 8th. Zacks Research raised shares of Spirit Aerosystems from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th.

Check Out Our Latest Report on Spirit Aerosystems

Spirit Aerosystems Price Performance

Shares of NYSE SPR opened at $39.44 on Wednesday. Spirit Aerosystems has a 1-year low of $27.00 and a 1-year high of $42.33. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of -1.78 and a beta of 1.11. The business has a 50-day moving average of $37.60 and a 200-day moving average of $38.73.

Spirit Aerosystems (NYSE:SPR – Get Free Report) last released its quarterly earnings results on Friday, October 31st. The aerospace company reported ($4.87) EPS for the quarter, missing the consensus estimate of ($0.37) by ($4.50). The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.92 billion. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.03) earnings per share. Research analysts expect that Spirit Aerosystems will post -11.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ethic Inc. bought a new stake in shares of Spirit Aerosystems during the 2nd quarter worth about $400,000. Y Intercept Hong Kong Ltd bought a new stake in Spirit Aerosystems during the second quarter worth approximately $3,272,000. Vanguard Personalized Indexing Management LLC acquired a new stake in Spirit Aerosystems in the second quarter worth approximately $340,000. XTX Topco Ltd boosted its stake in Spirit Aerosystems by 70.6% during the 2nd quarter. XTX Topco Ltd now owns 30,047 shares of the aerospace company’s stock valued at $1,146,000 after purchasing an additional 12,438 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new stake in shares of Spirit Aerosystems in the 2nd quarter worth $1,747,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit Aerosystems Company Profile

(Get Free Report)

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.

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