Spirit AeroSystems (NYSE:SPR) Given “Sector Perform” Rating at Royal Bank of Canada

Royal Bank of Canada reiterated their sector perform rating on shares of Spirit AeroSystems (NYSE:SPR) in a research note published on Tuesday morning,Benzinga reports. Royal Bank of Canada currently has a $37.25 target price on the aerospace company’s stock.

Several other equities research analysts have also recently commented on the stock. TD Cowen upgraded shares of Spirit AeroSystems to a “strong-buy” rating in a research report on Thursday, December 19th. StockNews.com started coverage on shares of Spirit AeroSystems in a research report on Tuesday, February 4th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Spirit AeroSystems currently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Stock Up 0.1 %

Shares of SPR opened at $34.36 on Tuesday. The stock’s fifty day simple moving average is $33.70 and its 200-day simple moving average is $33.25. The firm has a market capitalization of $4.02 billion, a PE ratio of -2.77 and a beta of 1.80. Spirit AeroSystems has a 12-month low of $28.30 and a 12-month high of $37.08.

Institutional Investors Weigh In On Spirit AeroSystems

A number of hedge funds have recently modified their holdings of SPR. R Squared Ltd acquired a new position in shares of Spirit AeroSystems in the fourth quarter valued at approximately $30,000. Waldron Private Wealth LLC bought a new stake in shares of Spirit AeroSystems in the third quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new position in shares of Spirit AeroSystems during the fourth quarter worth about $32,000. Quest Partners LLC acquired a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $49,000. Finally, Byrne Asset Management LLC boosted its holdings in Spirit AeroSystems by 210.6% during the fourth quarter. Byrne Asset Management LLC now owns 2,050 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 93.59% of the company’s stock.

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.