Spire (SR) PT Raised to $72.00

Spire (NYSE:SR) had its target price raised by Morgan Stanley from $68.00 to $72.00 in a research report issued to clients and investors on Monday. The brokerage presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 0.35% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research upgraded 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. ValuEngine lowered Spire from a “buy” rating to a “hold” rating in a research note on Friday, April 13th. Hilliard Lyons upgraded Spire to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase reduced their target price on Spire from $77.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, January 25th. Finally, Credit Suisse Group raised Spire from a “neutral” rating to an “outperform” rating and reduced their target price for the stock from $68.25 to $68.00 in a report on Monday, February 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $71.43.

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Shares of NYSE SR opened at $71.75 on Monday. Spire has a fifty-two week low of $60.08 and a fifty-two week high of $82.85. The company has a quick ratio of 0.53, a current ratio of 0.70 and a debt-to-equity ratio of 0.97. The company has a market cap of $3,413.09, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 4.67 and a beta of 0.06.

Spire (NYSE:SR) last issued its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.13. Spire had a return on equity of 8.91% and a net margin of 12.86%. The firm had revenue of $561.80 million during the quarter, compared to analyst estimates of $516.16 million. During the same quarter last year, the firm earned $1.04 EPS. Spire’s quarterly revenue was up 13.5% on a year-over-year basis. equities analysts expect that Spire will post 3.75 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Advisor Group Inc. lifted its holdings in Spire by 62.0% during the 4th quarter. Advisor Group Inc. now owns 2,635 shares of the utilities provider’s stock worth $198,000 after buying an additional 1,008 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Spire by 52.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,780 shares of the utilities provider’s stock worth $209,000 after buying an additional 955 shares during the last quarter. Neuberger Berman Group LLC bought a new position in Spire during the 3rd quarter worth approximately $219,000. Parametrica Management Ltd bought a new position in Spire during the 4th quarter worth approximately $222,000. Finally, Zeke Capital Advisors LLC bought a new position in Spire during the 4th quarter worth approximately $227,000. 82.88% of the stock is currently owned by institutional investors.

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About Spire

Spire Inc, through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas customers in the United States. It operates through two segments, Gas Utility and Gas Marketing. The company is also involved in marketing natural gas and provides energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

Analyst Recommendations for Spire (NYSE:SR)

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