StockNews.com investment analysts began reporting on shares of Spirit AeroSystems (NYSE:SPR – Get Free Report) in a research report issued to clients and investors on Monday. The firm gave the aerospace company’s stock a “sell” rating.
Several other equities analysts have also issued reports on the company. Baird RW downgraded Spirit AeroSystems from a “strong buy” rating to a “hold” rating in a report on Friday, July 12. Susquehanna reiterated a “neutral” rating and a $37.00 price target (up from $40.00) on shares of Spirit AeroSystems in a research note on Wednesday, July 17. Stifel Nicolaus raised their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a “hold” rating in a research report on Monday, July 8. Royal Bank of Canada raised their price target on shares of Spirit AeroSystems from $33.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 8. Finally, Benchmark reiterated a “hold” rating on shares of Spirit AeroSystems in a report on Thursday, June 20. Two equities analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, and two have assigned a buy rating. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $33.60.
Check out our latest analysis on SPR
Spirit AeroSystems Price Performance
SPR shares opened at $33.85 on Monday. The company has a 50-day moving average of $33.28 and a 200-day moving average of $32.22. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of -3.90 and a beta of 1.84. Spirit AeroSystems has a one-year low of $14.65 and a one-year high of $37.08.
Spirit AeroSystems (NYSE:SPR – Get Free Report) last released its quarterly earnings results on Monday, August 5. The aerospace company reported earnings per share of ($2.73) for the quarter, missing analysts’ consensus estimates of ($0.98) by ($1.75). The company had revenue of $1.49 billion during the quarter, compared to analyst estimates of $1.57 billion. The company’s quarterly revenue grew 9.3% compared to the year-ago quarter. In the year-ago quarter, the company generated earnings per share of ($1.46). Analysts expect Spirit AeroSystems to report earnings per share of -$3.87 for the current year.
Institutional inflows and outflows
Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Spirit AeroSystems by 1.0% in the first quarter. Vanguard Group Inc. now owns 10,954,485 shares of the aerospace company’s stock worth $395,128,000 after acquiring an additional 109,632 shares in the last quarter. Pentwater Capital Management LP increased its stake in shares of Spirit AeroSystems by 18,132.0% in the second quarter. Pentwater Capital Management LP now owns 9,016,000 shares of the aerospace company’s stock worth $296,356,000 after acquiring an additional 9,066,000 shares in the last quarter. Steadfast Capital Management LP increased its stake in Spirit AeroSystems by 1,274.6% in the first quarter. Steadfast Capital Management LP now owns 4,714,874 shares of the aerospace company’s stock valued at $170,066,000 after buying an additional 4,371,874 shares during the same period. Maple Rock Capital Partners Inc. increased its stake in Spirit AeroSystems by 7.2% in the 1st quarter. Maple Rock Capital Partners Inc. now owns 4,423,000 shares of the aerospace company’s stock valued at $159,538,000 after buying an additional 296,000 shares during the same period. Finally, Sei Investments Co. increased its stake in Spirit AeroSystems by 39.3% in the 4th quarter. Sei Investments Co. now owns 1,965,370 shares of the aerospace company’s stock valued at $62,459,000 after buying an additional 554,666 shares during the last quarter. 93.59% of the shares are currently owned by institutional investors and hedge funds.
About Spirit AeroSystems
(Get free report)
Spirit AeroSystems Holdings, Inc. is engaged in the design, engineering, manufacturing and marketing of commercial aerostructures worldwide. The company operates in three segments: Commercial, Defense & Space and Aftermarket. The Commercial segment offers forward, mid and aft fuselage sections and systems, floor supports, engine nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats, flight control surfaces, wing structures and wing systems.
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