Reaffirmed: Spire (SR) Underweight Rating Reaffirmed by Analysts at Morgan Stanley; $72 Target in Place

April 17, 2018 - By Richard Conner

Spire Inc. (NYSE:SR) Logo

Spire (SR) Rating Reaffirmed

Morgan Stanley now has a $72 target on the $3.47B market cap company or 0.35 % upside potential. In an analyst note revealed on Monday morning, Spire (SR) shares have had their Underweight Rating maintained by professional analysts at Morgan Stanley.

Spire Inc. (NYSE:SR) Ratings Coverage

Among 7 analysts covering Spire Inc (SR), 3 have Buy rating, 2 Sell and 2 Hold. Therefore 43% are positive. Spire Inc has $78.0 highest and $65 lowest target. $69.17’s average target is -3.60% below currents $71.75 stock price. Spire Inc had 12 analyst reports since November 16, 2017 according to SRatingsIntel. Credit Suisse upgraded the shares of SR in report on Monday, February 26 to “Outperform” rating. The stock of Spire Inc. (NYSE:SR) earned “Underweight” rating by Morgan Stanley on Thursday, March 8. The rating was maintained by Morgan Stanley with “Underweight” on Monday, April 16. Morgan Stanley maintained the shares of SR in report on Wednesday, December 13 with “Underweight” rating. The stock of Spire Inc. (NYSE:SR) has “Buy” rating given on Monday, March 26 by Bank of America. The rating was maintained by Morgan Stanley on Tuesday, February 13 with “Underweight”. The stock has “Hold” rating by RBC Capital Markets on Thursday, November 16. RBC Capital Markets maintained it with “Hold” rating and $70.0 target in Thursday, February 1 report. The firm has “Hold” rating given on Thursday, November 16 by Stifel Nicolaus. Stifel Nicolaus maintained the shares of SR in report on Friday, February 2 with “Hold” rating.

The stock increased 0.56% or $0.4 during the last trading session, reaching $71.75. About 36,340 shares traded. Spire Inc. (SR) has risen 5.48% since April 17, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Analysts await Spire Inc. (NYSE:SR) to report earnings on May, 2. They expect $2.50 EPS, up 5.04 % or $0.12 from last year’s $2.38 per share. SR’s profit will be $120.87M for 7.18 P/E if the $2.50 EPS becomes a reality. After $1.19 actual EPS reported by Spire Inc. for the previous quarter, Wall Street now forecasts 110.08 % EPS growth.

Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas on regulated-basis to residential, commercial, industrial, and other end-users of natural gas clients in the United States. The company has market cap of $3.47 billion. It operates through two divisions, Gas Utility and Gas Marketing. It has a 14.77 P/E ratio. The firm is also involved in marketing natural gas and related activities on non-regulated basis to on-system utility transportation customers, as well as to retail and wholesale customers.

Spire Inc. (NYSE:SR) Ratings Chart

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