Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives $31.39 Average Target Price from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $31.39.

Several analysts recently weighed in on SPR shares. KeyCorp began coverage on shares of Spirit AeroSystems in a report on Wednesday, January 17th. They issued a “sector weight” rating for the company. Truist Financial boosted their price objective on Spirit AeroSystems from $26.00 to $30.00 and gave the company a “hold” rating in a report on Wednesday, January 10th. The Goldman Sachs Group raised their target price on Spirit AeroSystems from $26.00 to $31.00 and gave the company a “neutral” rating in a report on Tuesday, April 16th. Stifel Nicolaus boosted their price target on shares of Spirit AeroSystems from $30.00 to $34.00 and gave the stock a “hold” rating in a research note on Wednesday, March 20th. Finally, Morgan Stanley lowered their price objective on shares of Spirit AeroSystems from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th.

Hedge Funds Weigh In On Spirit AeroSystems

Institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. acquired a new position in Spirit AeroSystems in the first quarter valued at $25,000. Principal Securities Inc. acquired a new position in Spirit AeroSystems in the 4th quarter valued at about $26,000. Riverview Trust Co acquired a new stake in Spirit AeroSystems during the 1st quarter worth approximately $35,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Spirit AeroSystems by 148.7% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,211 shares of the aerospace company’s stock valued at $44,000 after purchasing an additional 724 shares during the period. Finally, Manchester Capital Management LLC raised its stake in shares of Spirit AeroSystems by 586.2% during the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aerospace company’s stock worth $70,000 after purchasing an additional 1,659 shares during the last quarter. 93.59% of the stock is owned by institutional investors and hedge funds.

Spirit AeroSystems Trading Up 0.3 %

NYSE SPR opened at $33.02 on Friday. The stock has a market cap of $3.83 billion, a PE ratio of -5.45, a P/E/G ratio of 25.80 and a beta of 1.79. Spirit AeroSystems has a twelve month low of $14.65 and a twelve month high of $36.34. The stock has a fifty day simple moving average of $33.43 and a 200-day simple moving average of $29.56.

Spirit AeroSystems (NYSE:SPR) last announced its quarterly earnings results on Tuesday, February 6th. The aerospace company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.84). The business had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the previous year, the company posted ($1.46) EPS. Spirit AeroSystems’s revenue was up 37.3% on a year-over-year basis. Research analysts predict that Spirit AeroSystems will post 0.15 EPS for the current year.

Spirit AeroSystems Company Profile

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.