S&P Global Inc. (SPGI) Price Target Increased to $170.00 by Analysts at Barclays PLC
S&P Global Inc. (NYSE:SPGI) had its price target lifted by Barclays PLC from $160.00 to $170.00 in a research report report published on Friday. The firm currently has an overweight rating on the business services provider’s stock.
Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $167.00 target price on the stock in a research report on Monday, July 17th. Argus reiterated a buy rating and set a $158.00 target price (up from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Morgan Stanley reiterated an equal weight rating and set a $146.00 target price (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. BMO Capital Markets lifted their target price on shares of S&P Global from $152.00 to $161.00 and gave the stock a no rating at time rating in a research report on Friday, July 14th. Finally, UBS AG lifted their target price on shares of S&P Global from $154.00 to $175.00 and gave the stock a buy rating in a research report on Friday, July 28th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. S&P Global currently has a consensus rating of Buy and an average target price of $157.00.
S&P Global (SPGI) opened at 154.43 on Friday. The firm has a market capitalization of $39.69 billion, a price-to-earnings ratio of 17.99 and a beta of 1.51. The stock’s 50 day moving average is $151.87 and its 200-day moving average is $142.42. S&P Global has a 12 month low of $107.21 and a 12 month high of $158.35.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company posted $1.44 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. Equities analysts anticipate that S&P Global will post $6.34 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 12th. Investors of record on Monday, August 28th were given a dividend of $0.41 per share. The ex-dividend date was Thursday, August 24th. This represents a $1.64 annualized dividend and a yield of 1.06%. S&P Global’s dividend payout ratio is presently 19.16%.
In other news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the transaction, the senior vice president now owns 106 shares in the company, valued at approximately $16,059. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. American Beacon Advisors Inc. acquired a new position in shares of S&P Global in the 1st quarter worth approximately $103,000. Penserra Capital Management LLC acquired a new position in shares of S&P Global in the 2nd quarter worth approximately $106,000. Guardian Life Insurance Co. of America lifted its position in shares of S&P Global by 1.0% in the 1st quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after purchasing an additional 10 shares during the period. Parallel Advisors LLC lifted its position in shares of S&P Global by 5.4% in the 1st quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after purchasing an additional 50 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its position in shares of S&P Global by 1,214.1% in the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after purchasing an additional 947 shares during the period. Hedge funds and other institutional investors own 85.34% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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