In a report released yesterday, Selman Akyol from Stifel Nicolaus maintained a Buy rating on Spire (SR – Research Report), with a price target of $75.00. The company’s shares closed yesterday at $72.45.
According to TipRanks, Akyol is a 4-star analyst with an average return of 2.8% and a 58.33% success rate. Akyol covers the Industrial Goods sector, focusing on stocks such as Global Partners, CSI Compressco, and EnLink Midstream.
Currently, the analyst consensus on Spire is a Moderate Buy with an average price target of $72.50.
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Based on Spire’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $448 million and a GAAP net loss of $1.4 million. In comparison, last year the company earned a revenue of $327.8 million and had a net profit of $5.3 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. The Gas Marketing segment includes Laclede Energy Resources, Inc. a subsidiary engaged in the marketing of natural gas and related activities on a non-regulated basis. The company also engages in other businesses, including the transportation of liquid propane, real estate development, the compression of natural gas, financial investments in other enterprises, propane sales transactions, propane storage, and related services, and merchandise sales business. Spire was founded on October 1, 2001 and is headquartered in St. Louis, MO.