Brokerages Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Target Price at $35.67

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received an average recommendation of “Hold” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Sixteen analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $35.67.

SPR has been the subject of several recent research reports. TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a research note on Thursday, December 19th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Saturday, January 11th. They issued a “sell” rating for the company.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds and other institutional investors have recently made changes to their positions in SPR. Earnest Partners LLC boosted its holdings in Spirit AeroSystems by 2.6% in the second quarter. Earnest Partners LLC now owns 4,096,268 shares of the aerospace company’s stock valued at $134,644,000 after purchasing an additional 105,350 shares in the last quarter. National Bank of Canada FI boosted its holdings in shares of Spirit AeroSystems by 3,996.6% in the 3rd quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock valued at $81,275,000 after buying an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. purchased a new position in shares of Spirit AeroSystems in the 3rd quarter valued at $77,296,000. Sei Investments Co. grew its position in shares of Spirit AeroSystems by 5.5% in the 2nd quarter. Sei Investments Co. now owns 1,686,945 shares of the aerospace company’s stock valued at $55,450,000 after buying an additional 88,608 shares during the last quarter. Finally, Appian Way Asset Management LP acquired a new stake in Spirit AeroSystems during the 2nd quarter worth $39,969,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Stock Performance

NYSE:SPR opened at $33.81 on Thursday. Spirit AeroSystems has a fifty-two week low of $25.16 and a fifty-two week high of $37.08. The company has a 50 day moving average price of $32.67 and a 200 day moving average price of $33.33. The stock has a market capitalization of $3.95 billion, a P/E ratio of -2.72 and a beta of 1.81.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data 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 firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Research analysts forecast that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal 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.