Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Recommendation of “Hold” from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a consensus recommendation of “Hold” from the seventeen brokerages that are covering the stock, Marketbeat reports. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $35.67.

A number of analysts have weighed in on the company. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. StockNews.com assumed coverage on Spirit AeroSystems in a research note on Sunday. They issued a “sell” rating on the stock.

Institutional Investors Weigh In On Spirit AeroSystems

A number of institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in Spirit AeroSystems during the third quarter valued at about $217,000. National Bank of Canada FI boosted its position in Spirit AeroSystems by 3,996.6% during the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Wellington Management Group LLP boosted its position in Spirit AeroSystems by 0.8% during the third quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock valued at $14,686,000 after purchasing an additional 3,424 shares in the last quarter. Sand Grove Capital Management LLP bought a new stake in Spirit AeroSystems during the third quarter valued at about $14,099,000. Finally, Quadrature Capital Ltd bought a new stake in Spirit AeroSystems during the third quarter valued at about $293,000. Institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $32.34 on Wednesday. The stock’s fifty day moving average is $32.12 and its 200 day moving average is $32.76. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. As a group, equities analysts predict that Spirit AeroSystems will post -12.76 earnings per share for the current year.

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.