Spirit AeroSystems (NYSE:SPR) Stock Rating Upgraded by TD Cowen

Spirit AeroSystems (NYSE:SPR) was upgraded by analysts at TD Cowen to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

Separately, StockNews.com assumed coverage on Spirit AeroSystems in a research report on Wednesday. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and an average price target of $35.67.

Spirit AeroSystems Trading Up 1.0 %

NYSE:SPR opened at $33.17 on Thursday. The company has a 50-day moving average price of $32.12 and a 200-day moving average price of $32.98. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -2.67 and a beta of 1.82. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing the consensus estimate of ($0.16) by ($2.87). The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.83 billion. Equities analysts forecast that Spirit AeroSystems will post -12.64 EPS for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems during the third quarter valued at $32,000. Quest Partners LLC bought a new position in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $49,000. Quarry LP increased its holdings in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares in the last quarter. KBC Group NV raised its stake in Spirit AeroSystems by 20.1% during the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the period. Finally, Intech Investment Management LLC bought a new position in shares of Spirit AeroSystems in the second quarter worth approximately $207,000. 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.