S&P Global Inc. (SPGI) PT Raised to $158.00
S&P Global Inc. (NYSE:SPGI) had its price objective boosted by research analysts at Morgan Stanley from $154.00 to $158.00 in a research note issued on Friday. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective would indicate a potential downside of 0.28% from the company’s previous close.
A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BMO Capital Markets increased their price target on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Barclays PLC increased their price target on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a research report on Friday, September 15th. Finally, UBS AG increased their price target on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. S&P Global has an average rating of “Buy” and an average target price of $158.70.
Shares of S&P Global (NYSE:SPGI) opened at 158.45 on Friday. S&P Global has a 52 week low of $107.21 and a 52 week high of $160.00. The company has a market cap of $40.72 billion, a P/E ratio of 18.46 and a beta of 1.50. The firm has a 50-day moving average of $154.18 and a 200 day moving average of $144.85.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 quarter in the previous year, the company earned $1.44 EPS. S&P Global’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.
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In other news, SVP Nancy Luquette sold 860 shares of the firm’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 $16,059. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in SPGI. American Beacon Advisors Inc. purchased a new stake in S&P Global in the first quarter worth $103,000. Penserra Capital Management LLC purchased a new stake in S&P Global in the second quarter worth $106,000. Guardian Life Insurance Co. of America lifted its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after acquiring an additional 10 shares during the period. Parallel Advisors LLC lifted its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after acquiring an additional 50 shares during the period. Finally, Edmond DE Rothschild Holding S.A. lifted its stake in S&P Global by 1,214.1% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock worth $134,000 after acquiring an additional 947 shares during the period. 85.34% of the stock is owned by institutional investors.
About S&P Global
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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