Free Trial

Spire (NYSE:SR) Price Target Raised to $93.00 at Mizuho

Spire logo with Utilities background

Key Points

  • Mizuho has raised its price target for Spire (NYSE:SR) from $83.00 to $93.00, indicating a potential upside of 7.03% from the current stock price.
  • Spire's average rating among analysts is a "Moderate Buy," with target prices varying, including a $76.00 target by Bank of America and a $95.00 target from UBS Group.
  • The company reported earnings of $0.01 per share for the last quarter, surpassing expectations, with a year-over-year revenue increase of 1.9%.
  • Interested in Spire? Here are five stocks we like better.

Spire (NYSE:SR - Get Free Report) had its price target increased by equities research analysts at Mizuho from $83.00 to $93.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the utilities provider's stock. Mizuho's target price suggests a potential upside of 7.03% from the company's current price.

A number of other research analysts also recently commented on SR. Bank of America restated an "underperform" rating and issued a $76.00 target price (down previously from $81.00) on shares of Spire in a research note on Friday, August 15th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Spire in a research note on Wednesday, October 8th. UBS Group increased their price objective on Spire from $80.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 13th. Morgan Stanley decreased their target price on Spire from $81.00 to $76.00 and set an "equal weight" rating for the company in a research report on Thursday, September 25th. Finally, Jefferies Financial Group raised shares of Spire to a "strong-buy" rating in a research report on Tuesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Spire has an average rating of "Moderate Buy" and a consensus target price of $82.36.

Check Out Our Latest Stock Analysis on SR

Spire Price Performance

NYSE SR opened at $86.89 on Tuesday. The stock has a market capitalization of $5.13 billion, a P/E ratio of 18.67, a P/E/G ratio of 2.48 and a beta of 0.69. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.27 and a current ratio of 0.37. The business's fifty day moving average is $78.67 and its two-hundred day moving average is $76.15. Spire has a 1 year low of $61.87 and a 1 year high of $87.42.

Spire (NYSE:SR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The utilities provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.10. Spire had a net margin of 11.56% and a return on equity of 8.66%. The company had revenue of $421.90 million during the quarter, compared to analysts' expectations of $417.27 million. During the same period last year, the company posted ($0.14) earnings per share. The business's revenue for the quarter was up 1.9% on a year-over-year basis. Spire has set its FY 2025 guidance at 4.400-4.60 EPS. On average, research analysts forecast that Spire will post 4.5 earnings per share for the current fiscal year.

Institutional Trading of Spire

Several hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in Spire by 1,957.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 432 shares of the utilities provider's stock valued at $32,000 after purchasing an additional 411 shares in the last quarter. Financial Consulate Inc. acquired a new stake in shares of Spire during the third quarter worth $36,000. Headlands Technologies LLC bought a new stake in Spire in the second quarter valued at about $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in Spire by 1,031.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider's stock valued at $45,000 after buying an additional 557 shares during the period. Finally, Daiwa Securities Group Inc. bought a new stake in shares of Spire in the 2nd quarter valued at about $48,000. Institutional investors and hedge funds own 87.36% of the company's stock.

Spire Company Profile

(Get Free Report)

Spire Inc, together with 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 three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas.

See Also

Analyst Recommendations for Spire (NYSE:SR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Spire Right Now?

Before you consider Spire, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire wasn't on the list.

While Spire currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Metaverse Stocks And Why You Can't Ignore Them Cover

Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.

Get This Free Report
Like this article? Share it with a colleague.