As of November 20, 2023, Selman Akyol, an analyst at Stifel, has decided to maintain a “Hold” rating on Spire (NYSE: SR), but has adjusted the price target from $67 to $64. Akyol specializes in the Basic Materials sector and covers a total of 78 stocks, boasting a success rate of 61.54%. Although no specific sources were mentioned, it is worth noting that Akyol’s most recent stock forecast was provided for USA Compression Partners, LP on November 1, 2023. It is also important to mention that as of May 18, 2023, the median target price for Spire Inc (SR) stock stood at $73.50.
Spire Inc.
SR
Strong Buy
Updated on: 30/11/2023
Financial Health
Very Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Buy
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Neutral
SR Stock Performance on November 20, 2023: Promising Growth and Investment Opportunities in the Gas Distribution Industry
SR Stock Performance on November 20, 2023: A Closer Look
On November 20, 2023, SR stock experienced a slight decline in its performance. Starting with a previous close of $61.36, the stock opened at $60.25 and traded within a range of $60.25 to $61.17 throughout the day. The volume of shares traded was 350,115, slightly lower than the average volume of 359,248 over the past three months. The market capitalization of SR stands at $3.1 billion.
Despite the slight decline in stock performance, SR has shown promising growth in both earnings and revenue. The earnings growth for the company in the last year was -2.54%, but it has rebounded with a positive growth of 6.68% this year. Looking ahead, SR is projected to maintain a steady earnings growth of 6.36% over the next five years. This positive trajectory indicates the company’s ability to adapt and thrive in a competitive market.
In terms of revenue, SR has experienced a significant growth of 21.28% in the last year, reaching an annual revenue of $2.7 billion. This growth is a testament to the company’s strong performance and its ability to generate substantial income. Furthermore, SR boasts a healthy net profit margin of 8.15%, indicating its efficiency in managing costs and generating profits.
When analyzing the valuation of SR stock, it is important to consider various metrics. The price-to-earnings (P/E) ratio of 15.8 suggests that investors are willing to pay $15.8 for every dollar of earnings generated by the company. Additionally, the price-to-sales ratio of 1.12 and price-to-book ratio of 1.19 indicate that SR’s stock is reasonably priced in relation to its sales and book value.
SR operates in the utilities sector, specifically in the gas distributors industry. The company’s corporate headquarters are located in St. Louis, Missouri. While no executives are displayed, the absence of this information does not diminish the company’s potential for success.
Looking ahead, investors can anticipate SR’s next reporting date on February 1, 2024. Analysts forecast an earnings per share (EPS) of $1.49 for the current quarter, indicating potential growth in profitability. With a solid financial foundation and positive growth prospects, SR stock presents an opportunity for investors seeking stability and potential returns in the gas distribution industry.
In conclusion, SR stock experienced a slight decline on November 20, 2023, but the company’s overall performance remains promising. With steady earnings and revenue growth, a reasonable valuation, and a strong presence in the utilities sector, SR presents an attractive investment opportunity. Investors should keep an eye on SR’s upcoming reporting date and consider the potential for continued growth in the gas distribution industry.
Spire Inc (SR) Stock Forecast: Analysts Predict a 5% Increase in Value
On November 20, 2023, Spire Inc (SR) stock had a median target price of $64.00, according to data from CNN Money. This forecast was provided by eight analysts who offered 12-month price predictions for the company. The highest estimate was $66.00, while the lowest estimate was $53.00. The median estimate represented a 5.00% increase from the last recorded price of $60.95.
Spire Inc is a company that operates in the energy sector, providing natural gas services to residential, commercial, and industrial customers. The company’s stock performance is closely tied to its financial performance, which includes factors such as earnings per share and sales.
The current quarter’s earnings per share for Spire Inc were reported to be $1.49, with sales totaling $658.5 million. These figures were released on February 1, giving investors an insight into the company’s recent financial performance.
While the current quarter’s earnings per share and sales figures provide some indication of Spire Inc’s financial health, the 12-month price forecasts from analysts offer a glimpse into the company’s future performance. The median target price of $64.00 suggests that analysts expect a slight increase in the stock’s value over the next year.
Investors should consider the opinions of analysts along with other factors such as the company’s financial statements, industry trends, and market conditions before making any investment decisions. It is important to conduct thorough research and consult with a financial advisor to make informed investment choices.
Overall, the consensus among investment analysts is to hold stock in Spire Inc. While the median target price suggests a slight increase in the stock’s value, investors should carefully evaluate all available information and consider their own investment goals and risk tolerance before making any decisions.
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