Spire (NYSE:SR) had its price objective boosted by stock analysts at Morgan Stanley from $76.00 to $80.00 in a research note issued on Tuesday, BenzingaRatingsTable reports. The firm presently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s target price would suggest a potential downside of 2.28% from the company’s previous close.

A number of other brokerages also recently issued reports on SR. Guggenheim downgraded Spire from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 7th. Credit Suisse Group reaffirmed a “sell” rating and set a $75.00 target price on shares of Spire in a research note on Monday, December 2nd. FIX began coverage on Spire in a report on Tuesday, January 7th. They issued a “buy” rating and a $89.00 target price for the company. Bank of America reiterated a “buy” rating and issued a $89.00 target price on shares of Spire in a report on Tuesday, January 7th. Finally, Zacks Investment Research raised Spire from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $85.83.

Shares of NYSE:SR traded up $0.02 during trading on Tuesday, reaching $81.87. The stock had a trading volume of 600 shares, compared to its average volume of 245,763. Spire has a 52 week low of $73.42 and a 52 week high of $88.00. 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 firm’s fifty day moving average is $80.90 and its 200 day moving average is $83.01. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 4.21 and a beta of 0.14.

Spire (NYSE:SR) last announced its earnings results on Monday, November 25th. The utilities provider reported ($0.54) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.52) by ($0.02). Spire had a return on equity of 7.64% and a net margin of 9.37%. The firm had revenue of $225.60 million for the quarter, compared to the consensus estimate of $243.88 million. On average, research analysts forecast that Spire will post 3.75 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Knuff & Co LLC bought a new stake in Spire during the third quarter worth $27,000. Nomura Asset Management Co. Ltd. bought a new stake in shares of Spire in the 2nd quarter worth $39,000. Point72 Asset Management L.P. bought a new stake in shares of Spire in the 2nd quarter worth $50,000. Point72 Hong Kong Ltd purchased a new stake in shares of Spire in the second quarter valued at about $70,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Spire by 42.4% in the third quarter. Tower Research Capital LLC TRC now owns 1,105 shares of the utilities provider’s stock valued at $97,000 after purchasing an additional 329 shares during the last quarter. 80.75% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Spire (NYSE:SR)

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