Spire (NYSE:SR) had its target price upped by investment analysts at Morgan Stanley from $68.00 to $72.00 in a research report issued on Monday. The brokerage presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 2.20% from the company’s previous close.

Several other research firms also recently weighed in on SR. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $82.00 target price on the stock in a research report on Friday, April 6th. ValuEngine upgraded Spire from a “hold” rating to a “buy” rating in a research report on Saturday, April 7th. Bank of America restated a “buy” rating and issued a $75.00 target price on shares of Spire in a research report on Monday, March 26th. JPMorgan Chase decreased their target price on Spire from $77.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, January 25th. Finally, Credit Suisse Group upgraded Spire from a “neutral” rating to an “outperform” rating and decreased their target price for the company from $68.25 to $68.00 in a research report on Monday, February 26th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.43.

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SR traded down $0.15 during trading on Monday, hitting $70.45. The company’s stock had a trading volume of 25,102 shares, compared to its average volume of 307,108. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.97. Spire has a twelve month low of $60.08 and a twelve month high of $82.85. The firm has a market cap of $3,413.09, a P/E ratio of 19.85, a PEG 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 EPS for the quarter, beating the consensus estimate of $1.06 by $0.13. The company had revenue of $561.80 million for the quarter, compared to analyst estimates of $516.16 million. Spire had a return on equity of 8.91% and a net margin of 12.86%. Spire’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period last year, the company earned $1.04 earnings per share. equities research analysts forecast that Spire will post 3.75 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Advisor Group Inc. lifted its position in Spire by 62.0% during the fourth 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Spire by 52.3% during the fourth 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 in the last quarter. Neuberger Berman Group LLC purchased a new position in Spire during the third quarter worth approximately $219,000. Parametrica Management Ltd purchased a new position in Spire during the fourth quarter worth approximately $222,000. Finally, Zeke Capital Advisors LLC purchased a new position in Spire during the fourth quarter worth approximately $227,000. Hedge funds and other institutional investors own 82.88% of the company’s stock.

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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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