Spire (NYSE:SR) Now Covered by Analysts at Scotiabank

Key Points

• Scotiabank initiated coverage of Spire with a “sector perform” rating and a $79 price target, implying approximately 2.76% upside from the stock’s reported price.
• Analyst sentiment remains moderately positive: Spire has a consensus “Moderate Buy” rating and an average price target of $92.50, based on one Strong Buy, seven Buy, and six Hold ratings.
• Spire recently exceeded quarterly earnings expectations, reporting a loss of $0.26 per share versus the projected $0.32 loss, while revenue rose 19.2% year over year to $420.2 million.

Stock analysts at Scotiabank initiated coverage on shares of Spire (NYSE:SR - Get Free Report) in a research report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a "sector perform" rating and a $79.00 price target on the utilities provider's stock. Scotiabank's price target suggests a potential upside of 2.76% from the stock's current price.

SR has been the subject of several other reports. Weiss Ratings downgraded Spire from a "buy (b)" rating to a "buy (b-)" rating in a report on Friday. Morgan Stanley decreased their target price on Spire from $91.00 to $88.00 and set an "overweight" rating for the company in a research report on Friday, September 18th. Huntington started coverage on Spire in a report on Monday, September 14th. They set an "outperform" rating and a $93.00 target price on the stock. Wall Street Zen raised Spire from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. restated a "neutral" rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $92.50.

Spire Stock Performance

Shares of SR opened at $76.88 on Tuesday. Spire has a 12-month low of $75.85 and a 12-month high of $95.31. The stock has a market cap of $4.54 billion, a P/E ratio of 8.57, a PEG ratio of 1.73 and a beta of 0.54. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 1.61. The company has a 50-day moving average of $81.38 and a two-hundred day moving average of $84.25.

Spire (NYSE:SR - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The utilities provider reported ($0.26) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.06. The business had revenue of $420.20 million during the quarter, compared to analyst estimates of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company's revenue was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 earnings per share. Spire has set its FY 2026 guidance at 3.900-4.100 EPS. As a group, research analysts predict that Spire will post 4.01 EPS for the current fiscal year.

Institutional Investors Weigh In On Spire

Hedge funds and other institutional investors have recently modified their holdings of the stock. MV Capital Management Inc. acquired a new stake in Spire during the fourth quarter valued at approximately $33,000. SHP Wealth Management acquired a new position in shares of Spire in the 4th quarter worth approximately $35,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of Spire in the 1st quarter worth approximately $43,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Spire by 900.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 540 shares of the utilities provider's stock valued at $45,000 after acquiring an additional 486 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Spire in the 2nd quarter valued at approximately $52,000. Institutional investors own 87.36% of the company's stock.

Spire Company Profile

Spire Inc is an energy company headquartered in St. Louis, Missouri. Through its regulated utility operations, the company distributes natural gas to residential, commercial and industrial customers in Missouri and Alabama, serving communities through local natural gas infrastructure and related customer services.

Spire also operates businesses involved in natural gas marketing, storage and pipeline transportation. These operations support the company's utility activities and provide natural gas supply, logistics and infrastructure services to utilities, commercial and industrial customers, and other market participants.

The company traces its history to 1857, when it was established as Laclede Gas Company.

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