Today Morgan Stanley Reiterates a Underweight Rating on Spire (SR) and a $72 Target Price

April 17, 2018 - By Clifton Ray

Spire Inc. (NYSE:SR) Logo

Spire (SR) Rating Reaffirmed

EU: In analysts report issued on Monday morning, Morgan Stanley reiterated their Underweight rating on Spire (SR) shares. They now have a $72 price target on the company. Morgan Stanley’s target would indicate a potential upside of 0.35 % from the company’s last stock close price.

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. RBC Capital Markets maintained the shares of SR in report on Thursday, November 16 with “Hold” rating. As per Thursday, November 16, the company rating was maintained by Stifel Nicolaus. The stock of Spire Inc. (NYSE:SR) has “Underweight” rating given on Tuesday, February 13 by Morgan Stanley. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, February 2 report. The stock of Spire Inc. (NYSE:SR) earned “Buy” rating by Bank of America on Monday, March 26. On Monday, February 26 the stock rating was upgraded by Credit Suisse to “Outperform”. The firm has “Underweight” rating given on Thursday, March 8 by Morgan Stanley. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, December 13. The firm earned “Buy” rating on Friday, February 2 by Hilliard Lyons. The stock of Spire Inc. (NYSE:SR) has “Hold” rating given on Thursday, February 1 by RBC Capital Markets.

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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