Spire (NYSE:SR) has been given a $80.00 price objective by stock analysts at Morgan Stanley in a research report issued on Thursday, TipRanks reports. The firm presently has a “sell” rating on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 7.10% from the company’s current price.
Several other equities analysts also recently weighed in on the company. Credit Suisse Group reissued a “hold” rating and set a $72.00 target price on shares of Spire in a research report on Thursday, February 7th. Zacks Investment Research raised Spire from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a research report on Tuesday, May 7th. Finally, Wells Fargo & Co boosted their target price on Spire from $85.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $80.71.
Shares of NYSE SR traded up $0.16 during trading hours on Thursday, hitting $86.11. 743,400 shares of the company traded hands, compared to its average volume of 361,678. The company has a market cap of $4.31 billion, a P/E ratio of 23.15, a P/E/G ratio of 6.01 and a beta of 0.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.50 and a current ratio of 0.59. Spire has a 12 month low of $64.95 and a 12 month high of $87.13.
Spire (NYSE:SR) last released its earnings results on Wednesday, May 1st. The utilities provider reported $2.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.63 by $0.27. The firm had revenue of $803.50 million for the quarter, compared to the consensus estimate of $795.74 million. Spire had a return on equity of 8.05% and a net margin of 11.12%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.83 EPS. As a group, equities analysts predict that Spire will post 3.74 EPS for the current year.
A number of institutional investors have recently made changes to their positions in SR. Norges Bank bought a new position in Spire in the 4th quarter valued at $30,284,000. BlackRock Inc. grew its position in Spire by 3.6% in the 4th quarter. BlackRock Inc. now owns 7,593,934 shares of the utilities provider’s stock valued at $562,557,000 after acquiring an additional 261,819 shares during the last quarter. American Century Companies Inc. grew its position in Spire by 6.1% in the 1st quarter. American Century Companies Inc. now owns 3,394,915 shares of the utilities provider’s stock valued at $279,368,000 after acquiring an additional 194,435 shares during the last quarter. Bessemer Group Inc. grew its position in Spire by 71.6% in the 4th quarter. Bessemer Group Inc. now owns 430,533 shares of the utilities provider’s stock valued at $31,894,000 after acquiring an additional 179,684 shares during the last quarter. Finally, Eagle Asset Management Inc. bought a new position in Spire in the 1st quarter valued at $13,674,000. 82.30% of the stock is currently owned by institutional investors.
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 in the United States. The company operates through two segments, Gas Utility and Gas Marketing. It is also involved in marketing natural gas; and provision of energy services on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.
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