Spire Inc. (NYSE:SR) Stock Has Consensus Price Target of $92.58 According to Brokerages

Spire Inc. (NYSE:SR) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $92.91.

Several brokerages recently commented on SR. Huntington assumed coverage on Spire in a research report on Monday, September 14th. They set an “outperform” rating and a $93.00 target price on the stock. Mizuho initiated coverage on Spire in a report on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Spire from $85.00 to $86.00 and gave the company a “neutral” rating in a research note on Tuesday, October 20th. Scotiabank assumed coverage on Spire in a research note on Tuesday, September 29th. They issued a “sector perform” rating and a $79.00 price target on the stock. Finally, Morgan Stanley cut their price target on Spire from $91.00 to $88.00 and set an “overweight” rating on the stock in a report on Friday, September 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Convergence Financial LLC bought a new stake in shares of Spire in the third quarter worth about $397,000. Roman Butler Fullerton & Co. increased its holdings in Spire by 2.1% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 5,981 shares of the utilities provider’s stock valued at $485,000 after purchasing an additional 124 shares during the period. Signaturefd LLC raised its position in Spire by 209.7% during the 3rd quarter. Signaturefd LLC now owns 4,651 shares of the utilities provider’s stock valued at $354,000 after purchasing an additional 3,149 shares during the last quarter. Cardinal Capital Management raised its position in Spire by 4.0% during the 3rd quarter. Cardinal Capital Management now owns 45,716 shares of the utilities provider’s stock valued at $3,516,000 after purchasing an additional 1,761 shares during the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in Spire by 8.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,146 shares of the utilities provider’s stock valued at $315,000 after purchasing an additional 328 shares during the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

Spire Price Performance

Shares of NYSE SR opened at $85.48 on Monday. The company has a market capitalization of $5.05 billion, a PE ratio of 9.53, a P/E/G ratio of 1.39 and a beta of 0.52. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 1.61. Spire has a twelve month low of $74.84 and a twelve month high of $95.31. The firm has a fifty day simple moving average of $80.90 and a 200 day simple moving average of $84.47.

Spire (NYSE:SR) last issued its quarterly earnings results on Wednesday, August 5th. The utilities provider reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06. Spire had a net margin of 21.48% and a return on equity of 8.65%. The business had revenue of $420.20 million for the quarter, compared to analysts’ expectations of $394.62 million. During the same quarter in the prior year, the firm posted $0.01 earnings per share. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. On average, sell-side analysts forecast that Spire will post 4.00 EPS for the current year.

Spire Company Profile

Spire Inc is an energy company that provides natural gas services to residential, commercial, industrial and other customers. Through its regulated utility operations, the company distributes natural gas and provides related customer services, with a focus on delivering dependable energy and maintaining the infrastructure needed to serve its communities.

Spire’s regulated utilities serve customers primarily in Missouri and Alabama, with operations that have also included service in Mississippi.