Spirit AeroSystems (NYSE:SPR) Earns Sell Rating from Analysts at StockNews.com

Equities research analysts at StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Monday. The firm set a “sell” rating on the aerospace company’s stock.

Separately, Royal Bank of Canada restated a “sector perform” rating and set a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.67.

Spirit AeroSystems Stock Down 1.0 %

Spirit AeroSystems stock opened at $32.43 on Monday. The firm’s fifty day moving average price is $32.06 and its two-hundred day moving average price is $32.82. Spirit AeroSystems has a 1-year low of $25.16 and a 1-year high of $37.08.

Spirit AeroSystems (NYSE:SPR) last released its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.83 billion. Analysts anticipate that Spirit AeroSystems will post -12.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Spirit AeroSystems

Institutional investors and hedge funds have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Spirit AeroSystems during the 3rd quarter worth $217,000. National Bank of Canada FI increased its stake in shares of Spirit AeroSystems by 3,996.6% in the third quarter. National Bank of Canada FI now owns 2,500,000 shares of the aerospace company’s stock worth $81,275,000 after purchasing an additional 2,438,974 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Spirit AeroSystems by 0.8% in the third quarter. Wellington Management Group LLP now owns 451,728 shares of the aerospace company’s stock valued at $14,686,000 after purchasing an additional 3,424 shares during the period. Sand Grove Capital Management LLP purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $14,099,000. Finally, Quadrature Capital Ltd purchased a new position in Spirit AeroSystems in the 3rd quarter valued at approximately $293,000. 93.59% of the stock is owned by institutional investors.

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.