S&P Global Inc. (NYSE:SPGI)‘s stock had its “buy” rating reissued by stock analysts at BMO Capital Markets in a research note issued to investors on Friday. They presently have a $177.00 target price on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 9.86% from the stock’s previous close.

Several other research firms also recently commented on SPGI. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $178.00 target price on the stock in a report on Tuesday. Morgan Stanley upped their price target on S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a report on Friday, October 6th. Barclays PLC upped their price target on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Finally, UBS AG upped their price target on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global currently has a consensus rating of “Buy” and an average target price of $160.30.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the previous year, the company posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year.

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In other S&P Global news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the sale, 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 SEC, which is accessible through this link. Corporate insiders own 0.20% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Neuberger Berman Group LLC grew its position in shares of S&P Global by 10.4% during the first quarter. Neuberger Berman Group LLC now owns 18,748 shares of the business services provider’s stock worth $2,451,000 after purchasing an additional 1,762 shares in the last quarter. Teachers Advisors LLC grew its position in shares of S&P Global by 5.6% during the first quarter. Teachers Advisors LLC now owns 372,055 shares of the business services provider’s stock worth $48,642,000 after purchasing an additional 19,822 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in shares of S&P Global by 6.1% during the first quarter. TIAA CREF Investment Management LLC now owns 1,755,535 shares of the business services provider’s stock worth $229,519,000 after purchasing an additional 100,703 shares in the last quarter. Bridgewater Associates LP purchased a new stake in shares of S&P Global during the first quarter worth about $3,860,000. Finally, Israel Discount Bank of New York purchased a new stake in shares of S&P Global during the first quarter worth about $222,000. 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.

Analyst Recommendations for S&P Global (NYSE:SPGI)

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