Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Receives Average Recommendation of “Hold” from Analysts

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has received a consensus rating of “Hold” from the nineteen analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $41.81.

SPR has been the topic of several recent research reports. ValuEngine raised shares of Spirit AeroSystems from a “hold” rating to a “buy” rating in a research note on Monday, June 8th. SunTrust Banks lowered their price objective on shares of Spirit AeroSystems from $14.00 to $12.00 and set a “sell” rating on the stock in a research note on Wednesday, July 15th. Bank of America cut shares of Spirit AeroSystems from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $77.00 to $25.00 in a research note on Monday, April 13th. Cowen reaffirmed a “hold” rating and issued a $25.00 price objective on shares of Spirit AeroSystems in a research note on Wednesday, May 6th. Finally, Canaccord Genuity lowered their price objective on shares of Spirit AeroSystems from $30.00 to $22.00 and set a “hold” rating on the stock in a research note on Thursday, May 7th.

Spirit AeroSystems stock opened at $19.57 on Tuesday. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 6.33 and a beta of 1.50. The company has a current ratio of 2.81, a quick ratio of 1.99 and a debt-to-equity ratio of 2.07. The company’s 50-day moving average price is $23.97 and its two-hundred day moving average price is $35.31. Spirit AeroSystems has a 52 week low of $13.69 and a 52 week high of $92.81.

Spirit AeroSystems (NYSE:SPR) last released its earnings results on Wednesday, May 6th. The aerospace company reported ($0.79) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.42) by $0.63. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1 billion. Spirit AeroSystems had a net margin of 2.92% and a return on equity of 20.46%. Spirit AeroSystems’s quarterly revenue was down 44.1% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. Research analysts expect that Spirit AeroSystems will post -2.71 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, September 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.20%. The ex-dividend date of this dividend is Friday, September 11th. Spirit AeroSystems’s dividend payout ratio (DPR) is currently 0.72%.

Several institutional investors have recently added to or reduced their stakes in SPR. CWM LLC boosted its holdings in shares of Spirit AeroSystems by 575.2% during the second quarter. CWM LLC now owns 2,012 shares of the aerospace company’s stock worth $48,000 after purchasing an additional 1,714 shares during the period. Pinz Capital Management LP boosted its holdings in shares of Spirit AeroSystems by 57.7% during the first quarter. Pinz Capital Management LP now owns 2,050 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 750 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Spirit AeroSystems by 521.2% during the first quarter. Bessemer Group Inc. now owns 2,640 shares of the aerospace company’s stock worth $63,000 after purchasing an additional 2,215 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Spirit AeroSystems by 6.8% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 3,107 shares of the aerospace company’s stock worth $226,000 after purchasing an additional 197 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in shares of Spirit AeroSystems by 33.1% during the first quarter. Parallel Advisors LLC now owns 3,318 shares of the aerospace company’s stock worth $79,000 after purchasing an additional 826 shares during the period. 93.16% of the stock is currently owned by institutional investors and hedge funds.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc designs, manufactures, and supplies commercial aero structures in the United States and internationally. The company operates in three segments: Fuselage Systems, Propulsion Systems, and Wing Systems. The Fuselage Systems segment develops, produces, and markets forward, mid, and rear fuselage sections and systems primarily to aircraft original equipment manufacturers (OEMs); and related spares, as well as maintenance, repairs, and overhaul (MRO) services.

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Analyst Recommendations for Spirit AeroSystems (NYSE:SPR)

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