Spire (NYSE:SR) was upgraded by research analysts at Hilliard Lyons to a “buy” rating in a research note issued on Friday, February 2nd.
Other research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Spire from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Wednesday, January 10th. JPMorgan Chase & Co. decreased their price target on shares of Spire from $77.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, January 25th. Royal Bank of Canada reiterated a “hold” rating and issued a $73.00 price target on shares of Spire in a research note on Monday, October 16th. ValuEngine cut shares of Spire from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, Morgan Stanley raised their price objective on shares of Spire from $75.00 to $77.00 and gave the stock an “underweight” rating in a report on Wednesday, December 13th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $72.00.
Spire (NYSE:SR) traded up $2.10 during trading on Friday, reaching $65.70. 369,993 shares of the company traded hands, compared to its average volume of 342,804. Spire has a 52-week low of $60.08 and a 52-week high of $82.85. The firm has a market capitalization of $3,176.20, a PE ratio of 17.34, a P/E/G ratio of 3.93 and a beta of 0.15. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.97.
Spire (NYSE:SR) last released its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.13. Spire had a net margin of 12.86% and a return on equity of 8.91%. The firm had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $516.16 million. During the same period last year, the business earned $1.04 earnings per share. Spire’s revenue was up 13.5% compared to the same quarter last year. research analysts anticipate that Spire will post 3.72 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Smith Moore & CO. boosted its position in shares of Spire by 18.3% in the 4th quarter. Smith Moore & CO. now owns 10,421 shares of the utilities provider’s stock worth $783,000 after buying an additional 1,615 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of Spire in the 4th quarter worth about $1,613,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Spire in the 4th quarter worth about $894,000. UBS Asset Management Americas Inc. boosted its position in shares of Spire by 7.8% in the 4th quarter. UBS Asset Management Americas Inc. now owns 45,190 shares of the utilities provider’s stock worth $3,396,000 after buying an additional 3,256 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of Spire by 3.3% in the 4th quarter. BlackRock Inc. now owns 6,273,333 shares of the utilities provider’s stock worth $471,441,000 after buying an additional 200,037 shares in the last quarter. Institutional investors own 80.47% of the company’s stock.
Spire Company Profile
Spire Inc, formerly The Laclede Group, Inc, is engaged to transform its business and pursue growth by growing its gas utility business through prudent investment in infrastructure upgrades and organic growth initiatives; acquire and integrate gas utilities; modernize its gas assets, and invest in innovation.
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