Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Consensus Recommendation of “Hold” from Brokerages
Spirit AeroSystems Holdings, Inc. (NYSE:SPR – Get Free Report) has been assigned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $28.41.
A number of equities analysts recently weighed in on SPR shares. Barclays decreased their price objective on shares of Spirit AeroSystems from $40.00 to $30.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th. Benchmark restated a “buy” rating and issued a $45.00 price objective on shares of Spirit AeroSystems in a report on Tuesday, October 3rd. Bank of America decreased their price objective on shares of Spirit AeroSystems from $22.00 to $18.00 and set an “underperform” rating for the company in a report on Friday, August 25th. StockNews.com began coverage on shares of Spirit AeroSystems in a research report on Thursday, October 5th. They issued a “sell” rating for the company. Finally, Royal Bank of Canada lifted their target price on shares of Spirit AeroSystems from $22.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 2nd.
Get Our Latest Analysis on SPR
Institutional Trading of Spirit AeroSystems
Several hedge funds have recently bought and sold shares of SPR. Farmers & Merchants Trust Co of Chambersburg PA bought a new position in Spirit AeroSystems during the 2nd quarter valued at about $29,000. Money Concepts Capital Corp boosted its stake in shares of Spirit AeroSystems by 1,076.9% during the fourth quarter. Money Concepts Capital Corp now owns 1,224 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 1,120 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Spirit AeroSystems by 240.2% during the first quarter. Bessemer Group Inc. now owns 1,446 shares of the aerospace company’s stock valued at $50,000 after purchasing an additional 1,021 shares in the last quarter. Manchester Capital Management LLC bought a new position in shares of Spirit AeroSystems during the first quarter valued at approximately $61,000. Finally, Captrust Financial Advisors lifted its position in Spirit AeroSystems by 57.7% during the second quarter. Captrust Financial Advisors now owns 2,169 shares of the aerospace company’s stock valued at $64,000 after acquiring an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.
Spirit AeroSystems Price Performance
Shares of SPR opened at $27.77 on Wednesday. Spirit AeroSystems has a one year low of $14.65 and a one year high of $38.55. The company has a 50-day simple moving average of $22.15 and a two-hundred day simple moving average of $24.08. The firm has a market capitalization of $2.93 billion, a PE ratio of -3.12 and a beta of 1.73.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last released its earnings results on Wednesday, November 1st. The aerospace company reported ($1.42) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.56) by $0.14. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business posted ($0.15) earnings per share. Spirit AeroSystems’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Spirit AeroSystems will post -3.14 EPS for the current fiscal year.
Spirit AeroSystems Company Profile (Get Free Report
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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.
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