Spire (NYSE:SR) had its target price upped by Morgan Stanley from $66.00 to $68.00 in a report released on Thursday. The brokerage currently has an “underweight” rating on the utilities provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 0.29% from the company’s current price.
A number of 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 $80.00 target price on the stock in a report on Wednesday, January 10th. Hilliard Lyons raised Spire to a “buy” rating in a research report on Friday, February 2nd. ValuEngine cut Spire from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus boosted their price target on Spire from $71.00 to $75.00 and gave the stock a “hold” rating in a research report on Thursday, November 16th. Finally, Credit Suisse Group raised Spire from a “neutral” rating to an “outperform” rating and dropped their price target for the stock from $68.25 to $68.00 in a research report on Monday, February 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $69.83.
Spire (SR) opened at $67.80 on Thursday. Spire has a twelve month low of $60.08 and a twelve month high of $82.85. The company has a current ratio of 0.70, a quick ratio of 0.53 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $3,280.00, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 4.03 and a beta of 0.14.
Institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Spire by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 6,967 shares of the utilities provider’s stock worth $520,000 after purchasing an additional 725 shares in the last quarter. Allianz Asset Management GmbH lifted its position in Spire by 13.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 31,580 shares of the utilities provider’s stock valued at $2,358,000 after acquiring an additional 3,655 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in Spire in the 4th quarter valued at approximately $743,000. Wells Fargo & Company MN lifted its position in Spire by 7.4% in the 3rd quarter. Wells Fargo & Company MN now owns 1,059,918 shares of the utilities provider’s stock valued at $79,123,000 after acquiring an additional 73,219 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in Spire by 64.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 718,674 shares of the utilities provider’s stock valued at $54,051,000 after acquiring an additional 282,725 shares in the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.
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.
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