Last Updated: 08 Nov 2024
Executive Summary
Spire Inc. (SR) is a leading natural gas distribution company in the United States. The company has a strong track record of financial performance and is well-positioned for growth in the future. Spire's stock is currently trading at $63.94, which is below its 52-week high of $67.81. However, the stock is above its 50-day moving average of $65.51 and its 200-day moving average of $62.2. Analysts have a "Hold" rating on the stock, with a target price of $69.28.
Company Overview
Spire Inc. is a Fortune 500 company that serves over 1.7 million customers in five states: Alabama, Arkansas, Mississippi, Missouri, and Oklahoma. The company's core business is the distribution of natural gas to residential, commercial, and industrial customers. Spire also has a growing renewable energy business, which includes solar and wind power generation.
Fundamental Analysis
Spire Inc. has a strong financial profile. The company has a market capitalization of $3.76 billion and an EBITDA of $745.1 million. Spire's trailing price-to-earnings (P/E) ratio is 15.88, which is in line with the industry average. The company's forward P/E ratio is 14.12, which is below the industry average. Spire's dividend yield is 0.0464%, which is below the industry average.
Technical Analysis
The technical analysis of Spire Inc.'s stock is mixed. The stock is currently trading below its 52-week high, but it is above its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 52.37, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
The short-term outlook for Spire Inc.'s stock is neutral. The stock is trading in a range between $63.94 and $67.81. The stock's RSI is 52.37, which indicates that the stock is neither overbought nor oversold.
Long Term Outlook
The long-term outlook for Spire Inc.'s stock is positive. The company has a strong financial profile and is well-positioned for growth in the future. Spire's renewable energy business is a key growth driver for the company.
Analyst Recommendations
Analysts have a "Hold" rating on Spire Inc.'s stock. The average target price for the stock is $69.28.
