Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $35.67 Consensus Target Price from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has earned an average recommendation of “Hold” from the seventeen research firms that are currently 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 twelve-month price objective among analysts that have issued ratings on the stock in the last year is $35.67.

Several equities research analysts recently weighed in on SPR shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.25 price target on shares of Spirit AeroSystems in a report on Tuesday, August 20th. StockNews.com began coverage on shares of Spirit AeroSystems in a research note on Sunday. They issued a “sell” rating for the company.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPR. Byrne Asset Management LLC purchased a new stake in shares of Spirit AeroSystems during the 2nd quarter worth approximately $30,000. Waldron Private Wealth LLC purchased a new stake in Spirit AeroSystems during the third quarter worth $32,000. Allspring Global Investments Holdings LLC grew its holdings in Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Spirit AeroSystems in the third quarter valued at $49,000. Finally, Quarry LP raised its stake in shares of Spirit AeroSystems by 49.0% during the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after buying an additional 751 shares during the last quarter. 93.59% of the stock is owned by hedge funds and other institutional investors.

Spirit AeroSystems Stock Performance

NYSE SPR opened at $32.50 on Wednesday. Spirit AeroSystems has a one year low of $25.16 and a one year high of $37.08. The firm’s fifty day moving average is $32.13 and its two-hundred day moving average is $32.74.

Spirit AeroSystems (NYSE:SPR) last posted 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 during the quarter, compared to analysts’ expectations of $1.83 billion. As a group, research analysts expect that Spirit AeroSystems will post -12.76 earnings per share for the current year.

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.