Royal Bank of Canada assumed coverage on shares of Spirit AeroSystems (NYSE:SPR) in a report issued on Friday, BenzingaRatingsTable reports. The firm issued an outperform rating and a $31.00 price objective on the aerospace company’s stock.

Several other equities analysts have also recently commented on SPR. Bank of America cut shares of Spirit AeroSystems from a neutral rating to an underperform rating and dropped their target price for the stock from $77.00 to $25.00 in a research report on Monday, April 13th. JPMorgan Chase & Co. decreased their price target on Spirit AeroSystems from $95.00 to $72.00 and set a neutral rating for the company in a research report on Monday, March 2nd. UBS Group cut their price objective on Spirit AeroSystems from $21.00 to $19.00 and set a neutral rating on the stock in a research report on Thursday, May 7th. Goldman Sachs Group raised Spirit AeroSystems from a neutral rating to a buy rating and set a $58.00 target price for the company in a research report on Wednesday, March 11th. Finally, Zacks Investment Research cut Spirit AeroSystems from a hold rating to a sell rating and set a $22.00 target price on the stock. in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company’s stock. Spirit AeroSystems currently has an average rating of Hold and an average price target of $47.82.

Shares of NYSE:SPR opened at $26.18 on Friday. 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 stock has a market cap of $2.36 billion, a PE ratio of 13.43 and a beta of 1.48. The stock’s fifty day simple moving average is $24.42 and its two-hundred day simple moving average is $43.70. Spirit AeroSystems has a 1-year low of $13.69 and a 1-year high of $92.81.

Spirit AeroSystems (NYSE:SPR) last announced 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. Spirit AeroSystems had a net margin of 2.92% and a return on equity of 20.46%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1 billion. During the same quarter in the prior year, the company posted $1.68 earnings per share. The firm’s revenue for the quarter was down 44.1% on a year-over-year basis. On average, sell-side analysts forecast that Spirit AeroSystems will post -2.59 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Monday, June 15th will be given a dividend of $0.01 per share. The ex-dividend date is Friday, June 12th. This represents a $0.04 dividend on an annualized basis and a yield of 0.15%. Spirit AeroSystems’s dividend payout ratio is presently 0.72%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Spirit AeroSystems during the fourth quarter worth $592,000. Comerica Bank raised its stake in shares of Spirit AeroSystems by 5.2% during the 4th quarter. Comerica Bank now owns 4,644 shares of the aerospace company’s stock valued at $302,000 after purchasing an additional 228 shares during the period. First Allied Advisory Services Inc. lifted its holdings in Spirit AeroSystems by 64.4% during the 4th quarter. First Allied Advisory Services Inc. now owns 4,165 shares of the aerospace company’s stock worth $305,000 after purchasing an additional 1,632 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in Spirit AeroSystems in the 4th quarter worth about $444,000. Finally, Rafferty Asset Management LLC boosted its stake in Spirit AeroSystems by 13.4% in the 4th quarter. Rafferty Asset Management LLC now owns 13,396 shares of the aerospace company’s stock worth $976,000 after purchasing an additional 1,588 shares during the period. Hedge funds and other institutional investors own 93.50% 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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