Spirit AeroSystems (NYSE:SPR) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report report published on Thursday morning. The firm issued a sell rating on the aerospace company’s stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada restated a “sector perform” rating and set a $37.25 target price on shares of Spirit AeroSystems in a research report on Tuesday, February 11th. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Stock Up 0.5 %

NYSE SPR opened at $34.43 on Thursday. The firm has a market cap of $4.03 billion, a P/E ratio of -2.77 and a beta of 1.80. The company’s 50 day moving average is $33.98 and its 200-day moving average is $33.24. Spirit AeroSystems has a 12-month low of $28.30 and a 12-month high of $37.08.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cerity Partners LLC grew its stake in Spirit AeroSystems by 59.2% in the 3rd quarter. Cerity Partners LLC now owns 119,111 shares of the aerospace company’s stock worth $3,872,000 after buying an additional 44,282 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Spirit AeroSystems by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 462,837 shares of the aerospace company’s stock worth $15,047,000 after acquiring an additional 112,286 shares during the last quarter. Alpine Associates Management Inc. purchased a new position in Spirit AeroSystems in the third quarter worth $77,296,000. International Assets Investment Management LLC grew its position in Spirit AeroSystems by 180,792.9% in the third quarter. International Assets Investment Management LLC now owns 25,325 shares of the aerospace company’s stock worth $779,000 after acquiring an additional 25,311 shares in the last quarter. Finally, Oak Family Advisors LLC bought a new position in Spirit AeroSystems in the fourth quarter valued at $999,000. 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.