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BTIG Sticks to Its Buy Rating for Spire (SR)

Tipranks - Tipranks - Fri Apr 17, 5:27AM CDT

BTIG analyst Alex Kania reiterated a Buy rating on Spire yesterday and set a price target of $105.00. The company’s shares closed yesterday at $92.05.

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Kania covers the Utilities sector, focusing on stocks such as Spire, PPL, and NextEra Energy. According to TipRanks, Kania has an average return of 5.9% and a 71.23% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Spire with a $96.40 average price target, which is a 4.73% upside from current levels. In a report released on April 14, Mizuho Securities also maintained a Buy rating on the stock with a $105.00 price target.

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Based on Spire’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $762.2 million and a net profit of $95 million. In comparison, last year the company earned a revenue of $669.1 million and had a net profit of $81.3 million

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