Weekly Analysts’ Ratings Changes for Spire (SR)

Several analysts have recently updated their ratings and price targets for Spire (NYSE: SR):

  • 2/13/2018 – Spire had its price target lowered by analysts at Morgan Stanley from $72.00 to $65.00. They now have an “underweight” rating on the stock.
  • 2/2/2018 – Spire had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $65.00 price target on the stock.
  • 2/2/2018 – Spire was upgraded by analysts at Hilliard Lyons to a “buy” rating.
  • 1/25/2018 – Spire had its price target lowered by analysts at JPMorgan Chase & Co. from $77.00 to $65.00. They now have an “underweight” rating on the stock.
  • 1/20/2018 – Spire was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “
  • 1/10/2018 – Spire was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $80.00 price target on the stock. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “
  • 1/5/2018 – Spire was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Spire Inc. is a public utility company which is engaged in the purchase, retail distribution, sale and marketing of natural gas. Its operating segment consists of Gas Utility and Gas Marketing. Gas Utility segment includes the regulated operations of Laclede Gas and Alabama Gas Corporation. Gas Marketing segment is engaged in the marketing of natural gas and related activities on a non-regulated basis. Spire Inc, formerly known as The Laclede Group Inc., is headquartered in St. Louis, Missouri. “

Shares of Spire Inc (NYSE:SR) opened at $65.05 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.53 and a current ratio of 0.70. Spire Inc has a 52 week low of $60.08 and a 52 week high of $82.85. The company has a market capitalization of $3,140.00, a price-to-earnings ratio of 13.19, a P/E/G ratio of 3.93 and a beta of 0.16.

Spire (NYSE:SR) last announced its quarterly earnings data on Thursday, February 1st. The utilities provider reported $1.19 EPS for the quarter, topping 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 business had revenue of $561.80 million during the quarter, compared to analysts’ expectations of $516.16 million. During the same period in the previous year, the firm earned $1.04 earnings per share. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. analysts anticipate that Spire Inc will post 3.72 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 3rd. Investors of record on Monday, March 12th will be paid a dividend of $0.563 per share. The ex-dividend date of this dividend is Friday, March 9th. This is a boost from Spire’s previous quarterly dividend of $0.56. This represents a $2.25 dividend on an annualized basis and a dividend yield of 3.46%. Spire’s payout ratio is 45.64%.

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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