Wells Fargo analyst Sarah Akers maintains $Spire (SR.US)$ with a hold rating, and adjusts the target price from $73 to $75.
According to TipRanks data, the analyst has a success rate of 69.1% and a total average return of 9.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Spire (SR.US)$'s main analysts recently are as follows:
Spire's 2024 earnings per share were reported lower than the anticipated guidance range. Despite this, the company maintains its targets for a 5%-7% earnings growth, anchored on the initial mid-point predictions for 2024. Management is optimistic about returning to the expected range by 2026, conditional on a favorable rate case outcome in Missouri.
Spire's shares have been underperforming compared to the broader utility group. This lag in performance is attributed to inconsistent execution highlighted by the company's reduction in FY24 adjusted EPS guidance during its fiscal Q3 update, following earlier lowered guidance in its core regulated Utility segment. It is expected that the situation may deteriorate further before improving, with anticipated 'muted' FY25 guidance. However, growth could be revitalized in FY26 following a rate case in Spire Missouri.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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