Brokerages Set Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Price Target at $35.67

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have received a consensus rating of “Hold” from the seventeen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $35.67.

A number of research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of Spirit AeroSystems in a research note on Saturday, January 11th. They issued a “sell” rating on the stock. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of SPR. Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems during the third quarter worth about $32,000. Quest Partners LLC acquired a new position in Spirit AeroSystems in the third quarter valued at approximately $49,000. Quarry LP grew its position in Spirit AeroSystems by 49.0% in the second quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after acquiring an additional 751 shares during the period. KBC Group NV increased its stake in Spirit AeroSystems by 20.1% during the third quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock worth $150,000 after acquiring an additional 771 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in Spirit AeroSystems in the second quarter valued at $207,000. Institutional investors and hedge funds own 93.59% of the company’s stock.

Spirit AeroSystems Trading Down 0.1 %

Shares of SPR opened at $33.81 on Thursday. The firm has a market cap of $3.95 billion, a P/E ratio of -2.72 and a beta of 1.81. Spirit AeroSystems has a 12 month low of $25.16 and a 12 month high of $37.08. The stock’s 50 day moving average is $32.67 and its two-hundred day moving average is $33.33.

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 company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Equities research analysts forecast that Spirit AeroSystems will post -11.88 EPS for the current year.

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.