Spire (NYSE:SR) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday.

A number of other equities research analysts have also issued reports on the company. Stifel Nicolaus increased their price target on Spire from $71.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, November 16th. Royal Bank Of Canada reiterated a “hold” rating and issued a $73.00 price target on shares of Spire in a research note on Monday, October 16th. J P Morgan Chase & Co increased their price target on Spire from $71.00 to $75.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Zacks Investment Research upgraded Spire from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Wednesday, October 4th. Finally, Morgan Stanley increased their price target on Spire from $73.00 to $75.00 and gave the stock an “underweight” rating in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Spire has an average rating of “Hold” and an average target price of $75.00.

Shares of Spire (NYSE:SR) opened at $81.75 on Friday. Spire has a 12 month low of $62.33 and a 12 month high of $82.40. The company has a quick ratio of 0.46, a current ratio of 0.66 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $3,970.00, a price-to-earnings ratio of 21.99, a price-to-earnings-growth ratio of 4.04 and a beta of 0.30.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, November 15th. The utilities provider reported ($0.22) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.04. Spire had a return on equity of 8.71% and a net margin of 9.28%. The business had revenue of $258.70 million during the quarter, compared to analyst estimates of $271.65 million. During the same quarter in the prior year, the business posted ($0.32) EPS. Spire’s revenue for the quarter was down 7.4% compared to the same quarter last year. equities analysts expect that Spire will post 3.71 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bruderman Asset Management LLC bought a new position in shares of Spire during the 2nd quarter valued at about $124,000. LS Investment Advisors LLC boosted its holdings in shares of Spire by 13.0% during the 2nd quarter. LS Investment Advisors LLC now owns 1,793 shares of the utilities provider’s stock valued at $125,000 after purchasing an additional 206 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Spire by 8.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,825 shares of the utilities provider’s stock valued at $127,000 after acquiring an additional 144 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Spire by 11.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,070 shares of the utilities provider’s stock valued at $144,000 after acquiring an additional 209 shares during the last quarter. Finally, Advisor Group Inc. lifted its holdings in shares of Spire by 30.7% in the 2nd quarter. Advisor Group Inc. now owns 2,147 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 504 shares during the last quarter. 80.17% of the stock is owned by institutional investors and hedge funds.

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Spire Company Profile

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.

Analyst Recommendations for Spire (NYSE:SR)

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