In a report released today, Stephen Byrd from Morgan Stanley maintained a Sell rating on Spire Inc (NYSE: SR), with a price target of $77. The company’s shares closed yesterday at $75.05.
According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.
Currently, the analyst consensus on Spire Inc is a Moderate Buy with an average price target of $75.67.
See today’s analyst top recommended stocks >>
Based on Spire Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $25.8 million. In comparison, last year the company had a net profit of $21.6 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Spire Inc. operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates its business through the Gas Utility and Gas Marketing segments. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.
