Spirit AeroSystems (NYSE:SPR) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report released on Wednesday morning. The brokerage issued a sell rating on the aerospace company’s stock.

SPR has been the subject of several other reports. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.25 price objective on shares of Spirit AeroSystems in a report on Tuesday. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $36.00.

Spirit AeroSystems Trading Up 0.0 %

SPR stock opened at $34.55 on Wednesday. The company has a market capitalization of $4.04 billion, a P/E ratio of -2.78 and a beta of 1.80. Spirit AeroSystems has a twelve month low of $28.30 and a twelve month high of $37.08. The business has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $33.27.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Treasurer of the State of North Carolina raised its position in Spirit AeroSystems by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 50,980 shares of the aerospace company’s stock worth $1,737,000 after acquiring an additional 320 shares in the last quarter. KBC Group NV raised its position in Spirit AeroSystems by 20.1% in 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 in the last quarter. R Squared Ltd purchased a new position in Spirit AeroSystems in the fourth quarter worth $30,000. SBI Securities Co. Ltd. purchased a new position in Spirit AeroSystems in the fourth quarter worth $32,000. Finally, Waldron Private Wealth LLC purchased a new position in Spirit AeroSystems in the third quarter worth $32,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

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.