Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Given Consensus Rating of “Hold” by Analysts

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Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) have earned an average rating of “Hold” from the twenty brokerages that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $32.24.

A number of equities research analysts have weighed in on the company. Morgan Stanley started coverage on Spirit AeroSystems in a research note on Tuesday, September 8th. They issued an “underweight” rating and a $18.00 price objective for the company. SunTrust Banks cut their price target on Spirit AeroSystems from $14.00 to $12.00 and set a “sell” rating for the company in a research note on Wednesday, July 15th. Jefferies Financial Group restated a “hold” rating and set a $22.00 price target on shares of Spirit AeroSystems in a research note on Tuesday, August 11th. Sanford C. Bernstein cut Spirit AeroSystems from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $40.00 to $26.00 in a research note on Wednesday, July 8th. Finally, Berenberg Bank cut Spirit AeroSystems from a “buy” rating to a “hold” rating and set a $25.00 price target for the company. in a research note on Tuesday, June 23rd.

NYSE SPR traded down $1.21 on Wednesday, reaching $17.80. The stock had a trading volume of 9,392,434 shares, compared to its average volume of 4,254,627. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.86 and a current ratio of 2.71. Spirit AeroSystems has a 12-month low of $13.69 and a 12-month high of $92.81. The business’s 50-day moving average price is $20.80 and its 200 day moving average price is $23.46. The stock has a market cap of $1.88 billion, a P/E ratio of -8.40 and a beta of 1.39.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings data on Tuesday, August 4th. The aerospace company reported ($2.28) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.19) by ($1.09). Spirit AeroSystems had a negative net margin of 3.93% and a negative return on equity of 6.11%. The firm had revenue of $645.00 million during the quarter, compared to analysts’ expectations of $782.03 million. During the same quarter in the prior year, the firm posted $1.71 EPS. Spirit AeroSystems’s quarterly revenue was down 68.0% compared to the same quarter last year. On average, sell-side analysts predict that Spirit AeroSystems will post -4.6 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 14th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.22%. The ex-dividend date of this dividend is Friday, September 11th. Spirit AeroSystems’s payout ratio is 0.72%.

Large investors have recently added to or reduced their stakes in the business. Advisors Capital Management LLC grew its holdings in Spirit AeroSystems by 7.8% in the second quarter. Advisors Capital Management LLC now owns 9,688 shares of the aerospace company’s stock valued at $232,000 after purchasing an additional 697 shares during the last quarter. Pinz Capital Management LP grew its holdings in Spirit AeroSystems by 57.7% in the first quarter. Pinz Capital Management LP now owns 2,050 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 750 shares during the last quarter. Quantum Capital Management grew its holdings in Spirit AeroSystems by 40.3% in the second quarter. Quantum Capital Management now owns 4,069 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 1,168 shares during the last quarter. Private Advisor Group LLC acquired a new stake in Spirit AeroSystems in the second quarter valued at $31,000. Finally, Intrust Bank NA grew its holdings in Spirit AeroSystems by 2.7% in the second quarter. Intrust Bank NA now owns 55,583 shares of the aerospace company’s stock valued at $1,331,000 after purchasing an additional 1,457 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

About Spirit AeroSystems

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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