Credit Suisse analyst Michael Weinstein W. reiterated a Sell rating on Spire (SR) on November 27 and set a price target of $75.00. The company’s shares closed last Monday at $77.42.
According to TipRanks.com, W. is a 3-star analyst with an average return of 4.1% and a 53.7% success rate. W. covers the Utilities sector, focusing on stocks such as Nextera Energy Partners, Pinnacle West Capital, and Consolidated Edison.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Spire with a $82.00 average price target.
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Based on Spire’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $34.2 million. In comparison, last year the company had a GAAP net loss of $25.9 million.
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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 through the following business segments: Gas Utility and Gas Marketing. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation.