Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $36.00 Average Price Target from Brokerages

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has earned an average recommendation of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Fourteen investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $36.00.

Several equities analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.25 target price on shares of Spirit AeroSystems in a report on Tuesday, February 11th. StockNews.com began coverage on Spirit AeroSystems in a research note on Saturday, March 8th. They issued a “hold” rating for the company. Finally, TD Cowen raised shares of Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th.

Spirit AeroSystems Trading Down 0.7 %

Shares of NYSE:SPR opened at $34.49 on Tuesday. The stock has a market cap of $4.03 billion, a PE ratio of -2.78 and a beta of 1.77. The stock’s fifty day simple moving average is $34.27 and its two-hundred day simple moving average is $33.21. Spirit AeroSystems has a 1-year low of $28.92 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly 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 company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.94 billion. On average, sell-side analysts forecast that Spirit AeroSystems will post -11.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

Several hedge funds and other institutional investors have recently modified their holdings of SPR. Treasurer of the State of North Carolina grew its stake in Spirit AeroSystems by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company’s stock valued at $1,737,000 after acquiring an additional 320 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Spirit AeroSystems by 10.0% in the 4th quarter. ProShare Advisors LLC now owns 7,731 shares of the aerospace company’s stock valued at $263,000 after purchasing an additional 703 shares during the period. R Squared Ltd purchased a new position in shares of Spirit AeroSystems during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth $32,000. Finally, KBC Group NV raised its position in shares of Spirit AeroSystems by 24.4% in the fourth quarter. KBC Group NV now owns 5,733 shares of the aerospace company’s stock worth $195,000 after buying an additional 1,126 shares in the last quarter. 93.59% of the stock is currently owned by institutional investors.

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.