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Spirit AeroSystems’ (SPR) Peer Performance Rating Reaffirmed by Wolfe Research

Spirit AeroSystems’ (SPR) Peer Performance Rating Reaffirmed by Wolfe Research

Wolfe Research reissues peer performance ratings for stocks Spirit Aerosystems (NYSE:SPRFree Report) In a research report sent to investors on Wednesday morning, Benzinga reports.

Several other research firms have also commented on SPR. Susquehanna raised their price target on Spirit AeroSystems from $33.00 to $40.00 and gave the stock a positive rating in a research note on Friday, April 12. Sanford C. Bernstein reiterated a market perform rating on shares of Spirit AeroSystems in a research note on Monday. The Goldman Sachs Group raised their price target on Spirit AeroSystems from $26.00 to $31.00 and gave the stock a neutral rating in a research note on Tuesday, April 16. Stifel Nicolaus raised their price target on Spirit AeroSystems from $34.00 to $37.25 and gave the stock a hold rating in a research note on Monday. Finally, Benchmark reiterated a hold rating on shares of Spirit AeroSystems in a research note on Thursday, June 20. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company. The stock currently has an average Hold rating and a consensus price target of $33.42, according to MarketBeat.com.

Check out our latest stock analysis on SPR

Spirit AeroSystems Shares Up 0.3%

SPRE It opened at $34.62 on Wednesday. Spirit AeroSystems has a 12-month low of $14.65 and a 12-month high of $36.34. The stock’s fifty-day moving average is $31.61 and its 200-day moving average is $31.34. The company has a market cap of $4.03 billion, a P/E ratio of -3.98 and a beta of 1.84.

Spirit Aerosystems (NYSE:SPRGet a Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($3.93) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.44) of ($3.49). The company had revenue of $1.70 billion during the quarter, compared to analysts’ estimates of $1.62 billion. The company reported ($1.69) EPS for the same period last year. The company’s quarterly revenue was up 19.0% from the same quarter last year. On average, analysts expect Spirit AeroSystems to report -3% earnings per share for the current fiscal year.

Hedge Funds Discuss Spirit AeroSystems

Hedge funds have recently changed their holdings in the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Spirit AeroSystems in the first quarter worth $25,000. Principal Securities Inc. bought a new position in shares of Spirit AeroSystems in the fourth quarter worth $26,000. Riverview Trust Co. bought a new position in shares of Spirit AeroSystems in the first quarter worth $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 worth $44,000 after purchasing an additional 724 shares during the period. Finally, Manchester Capital Management LLC increased its holdings in shares of Spirit AeroSystems by 586.2% in the first quarter. Manchester Capital Management LLC now owns 1,942 shares of the aviation company’s stock worth $70,000 after purchasing an additional 1,659 shares during the period. Institutional investors and hedge funds own 93.59% of the company’s stock.

About Spirit AeroSystems

(Get a Free Report)

Spirit AeroSystems Holdings, Inc. is engaged in the design, engineering, manufacturing and marketing of commercial aerospace structures worldwide. It operates in three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, center and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, wings and slats, flight control surfaces, wing structures and wing systems.

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