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

Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average rating of “Hold” from the seventeen analysts that are currently covering the company, MarketBeat Ratings reports. Sixteen research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $35.67.

SPR has been the subject of several research analyst reports. Royal Bank of Canada restated a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a research note on Tuesday, August 20th. StockNews.com initiated coverage on Spirit AeroSystems in a research note on Sunday. They issued a “sell” rating for the company.

Spirit AeroSystems Trading Down 0.8 %

Spirit AeroSystems stock opened at $32.34 on Wednesday. The stock has a 50-day moving average of $32.12 and a two-hundred day moving average of $32.76. Spirit AeroSystems has a one year low of $25.16 and a one 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) 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 the consensus estimate of $1.83 billion. As a group, sell-side analysts forecast that Spirit AeroSystems will post -12.76 earnings per share for the current year.

Institutional Trading of Spirit AeroSystems

Institutional investors have recently bought and sold shares of the business. Pentwater Capital Management LP increased its position 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 valued at $296,356,000 after buying an additional 9,066,000 shares in the last quarter. Steadfast Capital Management LP increased its position in shares of 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 in the last quarter. National Bank of Canada FI increased its position 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 valued at $81,275,000 after buying an additional 2,438,974 shares in the last quarter. Alpine Associates Management Inc. purchased a new stake in shares of Spirit AeroSystems in the third quarter valued at approximately $77,296,000. Finally, Appian Way Asset Management LP purchased a new stake in shares of Spirit AeroSystems in the second quarter valued at approximately $39,969,000. 93.59% of the stock is owned by institutional investors and hedge funds.

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.