Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a research report issued on Friday. The firm set a “sell” rating on the aerospace company’s stock.

A number of other brokerages also recently weighed in on SPR. TD Cowen upgraded Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Trading Up 1.2 %

Shares of SPR stock opened at $34.89 on Friday. The stock has a 50-day moving average of $34.11 and a 200-day moving average of $33.25. Spirit AeroSystems has a 1-year low of $28.32 and a 1-year high of $37.08. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of -2.81 and a beta of 1.80.

Spirit AeroSystems (NYSE:SPR) last issued its earnings results on Friday, February 28th. The aerospace company reported ($4.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.86) by ($2.36). The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.94 billion. Sell-side analysts forecast that Spirit AeroSystems will post -11.88 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. R Squared Ltd purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $32,000. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Headlands Technologies LLC purchased a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $67,000. Finally, Byrne Asset Management LLC boosted its position in shares of Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock valued at $70,000 after buying an additional 1,390 shares during the last quarter. Hedge funds and other institutional investors 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.