S&P Global Inc. (SPGI) Receives $156.89 Average Target Price from Brokerages
Shares of S&P Global Inc. (NYSE:SPGI) have been assigned a consensus rating of “Buy” from the ten research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $159.00.
A number of equities research analysts have recently issued reports on SPGI shares. Morgan Stanley increased their price target on shares of S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a report 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 stock an “outperform” rating in a report on Friday, July 28th. Finally, Barclays PLC increased their price target on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 15th.
S&P Global (NYSE:SPGI) traded up 0.13% during trading on Friday, reaching $159.00. 1,709,018 shares of the company were exchanged. S&P Global has a one year low of $107.21 and a one year high of $160.00. The firm’s 50 day moving average price is $154.69 and its 200-day moving average price is $145.52. The stock has a market capitalization of $40.86 billion, a price-to-earnings ratio of 18.52 and a beta of 1.50.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts predict that S&P Global will post $6.35 earnings per share for the current year.
In related news, SVP Nancy Luquette sold 860 shares of the company’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 directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Penserra Capital Management LLC bought a new position in S&P Global during the second quarter valued at approximately $106,000. American Beacon Advisors Inc. bought a new position in S&P Global during the first quarter valued at approximately $103,000. Parallel Advisors LLC grew its position in S&P Global by 5.4% during the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America grew its position in S&P Global by 1.0% during the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 10 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. grew its position in S&P Global by 1,214.1% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 1,025 shares of the business services provider’s stock valued at $134,000 after acquiring an additional 947 shares during the last quarter. Institutional investors and hedge funds own 85.34% of the company’s stock.
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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