Spire (NYSE:SR) was upgraded by Stifel Nicolaus from a “hold” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat.com reports.
Other equities analysts have also issued research reports about the stock. Credit Suisse Group upgraded shares of Spire from an “underperform” rating to a “neutral” rating and reduced their target price for the company from $71.00 to $68.00 in a report on Monday, July 20th. TheStreet lowered shares of Spire from a “b-” rating to a “c+” rating in a report on Friday, July 24th. Wells Fargo & Company upgraded shares of Spire from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $71.00 to $72.00 in a report on Tuesday, July 28th. Sidoti upgraded shares of Spire from a “neutral” rating to a “buy” rating and set a $72.00 target price on the stock in a report on Tuesday, August 11th. Finally, Bank of America lifted their target price on shares of Spire from $68.00 to $70.00 and gave the company a “buy” rating in a report on Monday, August 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. Spire has an average rating of “Hold” and an average price target of $75.00.
Shares of SR opened at $53.20 on Tuesday. The firm has a market cap of $2.74 billion, a PE ratio of 45.47, a price-to-earnings-growth ratio of 2.99 and a beta of 0.08. The company’s fifty day moving average is $56.39 and its two-hundred day moving average is $65.91. Spire has a fifty-two week low of $50.58 and a fifty-two week high of $87.96. The company has a quick ratio of 0.37, a current ratio of 0.50 and a debt-to-equity ratio of 1.07.
Spire (NYSE:SR) last announced its quarterly earnings results on Wednesday, August 5th. The utilities provider reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $321.10 million for the quarter, compared to analyst estimates of $313.51 million. Spire had a net margin of 4.03% and a return on equity of 8.50%. Spire’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business earned $0.07 EPS. As a group, equities research analysts anticipate that Spire will post 3.72 earnings per share for the current year.
Hedge funds have recently modified their holdings of the business. FDx Advisors Inc. bought a new stake in shares of Spire during the 1st quarter valued at about $14,120,000. Royal Bank of Canada grew its position in shares of Spire by 39.4% during the 1st quarter. Royal Bank of Canada now owns 547,444 shares of the utilities provider’s stock valued at $40,774,000 after buying an additional 154,839 shares during the last quarter. First Trust Advisors LP grew its position in shares of Spire by 23.7% during the 2nd quarter. First Trust Advisors LP now owns 718,465 shares of the utilities provider’s stock valued at $47,210,000 after buying an additional 137,425 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Spire by 19.8% during the 1st quarter. Principal Financial Group Inc. now owns 664,585 shares of the utilities provider’s stock valued at $49,495,000 after buying an additional 109,608 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Spire by 36.8% during the 1st quarter. JPMorgan Chase & Co. now owns 350,684 shares of the utilities provider’s stock valued at $26,118,000 after buying an additional 94,254 shares during the last quarter. Hedge funds and other institutional investors own 79.10% of the company’s stock.
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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