Morgan Stanley analyst David Arcaro maintains $Spire (SR.US)$ with a hold rating, and adjusts the target price from $77 to $75.
According to TipRanks data, the analyst has a success rate of 54.9% and a total average return of 11.9% 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 FY24 results were seen as disappointing, missing the already lowered EPS guidance from the Q3 call. However, many of the challenges faced are considered manageable through improved cost controls. Additionally, the supportive regulatory environment in Missouri should benefit the company. The current market valuation may excessively reflect risks to earnings growth, with upcoming events in Missouri potentially serving as positive catalysts.
The company's 2024 EPS was reported lower than the anticipated guidance range. However, expectations to return to a 5%-7% EPS growth, originally projected at the 2024 mid-point, are set for 2026, contingent upon a favorable rate case outcome in 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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