Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Saturday. The brokerage issued a hold rating on the aerospace company’s stock.

SPR has been the topic of a number of other reports. Royal Bank of Canada reiterated a “sector perform” rating and issued 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. Fifteen analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Spirit AeroSystems presently has an average rating of “Hold” and an average price target of $36.00.

Spirit AeroSystems Price Performance

Spirit AeroSystems stock opened at $32.22 on Friday. Spirit AeroSystems has a 1 year low of $28.92 and a 1 year high of $37.08. The firm’s 50 day moving average price is $34.08 and its 200-day moving average price is $33.19. The stock has a market cap of $3.77 billion, a P/E ratio of -2.59 and a beta of 1.77.

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

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds and other institutional investors have recently made changes to their positions in SPR. R Squared Ltd bought a new position in Spirit AeroSystems during the 4th quarter valued at about $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 bought a new position in shares of Spirit AeroSystems during the third quarter valued at approximately $49,000. Headlands Technologies LLC bought a new position in shares of Spirit AeroSystems during the fourth quarter valued at approximately $67,000. Finally, Byrne Asset Management LLC raised its holdings in shares of Spirit AeroSystems by 210.6% in the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after buying an additional 1,390 shares during the period. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.