Shares of Spire Inc (NYSE:SR) have earned an average rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $81.33.
SR has been the topic of several recent analyst reports. Wells Fargo & Co upped their price objective on shares of Spire from $89.00 to $90.00 and gave the company a “market perform” rating in a research note on Friday, September 6th. ValuEngine downgraded shares of Spire from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group reaffirmed a “sell” rating and set a $75.00 price target on shares of Spire in a research note on Monday. Finally, Zacks Investment Research raised shares of Spire from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd.
In other Spire news, EVP Steven P. Rasche acquired 1,108 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average price of $27.20 per share, with a total value of $30,137.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Knuff & Co LLC bought a new position in Spire during the 3rd quarter valued at $27,000. Nomura Asset Management Co. Ltd. bought a new position in Spire during the 2nd quarter valued at $39,000. Point72 Asset Management L.P. bought a new position in Spire during the 2nd quarter valued at $50,000. Krane Funds Advisors LLC bought a new position in Spire during the 2nd quarter valued at $58,000. Finally, Point72 Hong Kong Ltd bought a new position in Spire during the 2nd quarter valued at $70,000. 81.12% of the stock is owned by institutional investors and hedge funds.
SR traded down $0.13 on Wednesday, hitting $77.29. 302,856 shares of the company were exchanged, compared to its average volume of 273,647. Spire has a fifty-two week low of $70.53 and a fifty-two week high of $88.00. The firm has a market capitalization of $3.95 billion, a P/E ratio of 20.72, a price-to-earnings-growth ratio of 3.75 and a beta of 0.12. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.28 and a current ratio of 0.42. The business’s fifty day moving average is $81.87 and its 200 day moving average is $83.82.
Spire (NYSE:SR) last announced its quarterly earnings results on Monday, November 25th. The utilities provider reported ($0.54) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.52) by ($0.02). Spire had a net margin of 9.37% and a return on equity of 7.64%. The business had revenue of $225.60 million during the quarter, compared to analysts’ expectations of $243.88 million. Analysts forecast that Spire will post 3.75 EPS for the current fiscal year.
Spire Company Profile
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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