Spirit AeroSystems (NYSE:SPR) Price Target Cut to $33.00

Spirit AeroSystems (NYSE:SPRFree Report) had its price objective lowered by Morgan Stanley from $35.00 to $33.00 in a report released on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the aerospace company’s stock.

SPR has been the topic of a number of other reports. Stifel Nicolaus initiated coverage on Spirit AeroSystems in a research note on Friday, December 1st. They issued a hold rating and a $28.00 price target on the stock. Royal Bank of Canada raised their price target on Spirit AeroSystems from $22.00 to $25.00 and gave the stock a sector perform rating in a research note on Thursday, November 2nd. Citigroup initiated coverage on Spirit AeroSystems in a research note on Wednesday, January 17th. They issued a buy rating and a $39.00 price target on the stock. UBS Group initiated coverage on Spirit AeroSystems in a research note on Tuesday, October 10th. They issued a neutral rating and a $17.00 price target on the stock. Finally, Truist Financial raised their price target on Spirit AeroSystems from $26.00 to $30.00 and gave the stock a hold rating in a research note on Wednesday, January 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Spirit AeroSystems has an average rating of Hold and a consensus price target of $30.22.

View Our Latest Stock Analysis on Spirit AeroSystems

Spirit AeroSystems Stock Up 1.0 %

SPR opened at $28.33 on Wednesday. Spirit AeroSystems has a 52 week low of $14.65 and a 52 week high of $38.34. The business’s fifty day simple moving average is $28.83 and its 200 day simple moving average is $24.15.

Spirit AeroSystems (NYSE:SPRGet Free Report) last posted its quarterly earnings data on Tuesday, February 6th. The aerospace company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The company had revenue of $1.81 billion during the quarter, compared to analyst estimates of $1.74 billion. The firm’s revenue was up 37.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.46) earnings per share. On average, equities analysts expect that Spirit AeroSystems will post 0.72 EPS for the current fiscal year.

Institutional Investors Weigh In On Spirit AeroSystems

A number of hedge funds have recently bought and sold shares of SPR. LPL Financial LLC raised its position in shares of Spirit AeroSystems by 0.4% during the second quarter. LPL Financial LLC now owns 102,283 shares of the aerospace company’s stock worth $2,997,000 after purchasing an additional 357 shares during the period. Ancora Advisors LLC raised its position in shares of Spirit AeroSystems by 6.1% during the first quarter. Ancora Advisors LLC now owns 7,000 shares of the aerospace company’s stock worth $341,000 after purchasing an additional 400 shares during the period. Public Employees Retirement System of Ohio raised its position in shares of Spirit AeroSystems by 0.8% during the third quarter. Public Employees Retirement System of Ohio now owns 52,370 shares of the aerospace company’s stock worth $1,148,000 after purchasing an additional 413 shares during the period. Arizona State Retirement System raised its position in shares of Spirit AeroSystems by 1.5% during the third quarter. Arizona State Retirement System now owns 29,958 shares of the aerospace company’s stock worth $484,000 after purchasing an additional 447 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Spirit AeroSystems by 0.3% during the second quarter. Legal & General Group Plc now owns 141,263 shares of the aerospace company’s stock worth $4,139,000 after purchasing an additional 460 shares during the period. Institutional investors and hedge funds own 88.05% of the company’s stock.

Spirit AeroSystems Company Profile

(Get Free Report)

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, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and fully functional and tested wing systems.

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