S&P Global Inc. (SPGI) Stock Rating Lowered by BidaskClub
S&P Global Inc. (NYSE:SPGI) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.
A number of other research firms have also commented on SPGI. BMO Capital Markets reaffirmed a “buy” rating and set a $177.00 price target on shares of S&P Global in a research report on Friday, October 13th. Morgan Stanley raised 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 research report on Friday, October 6th. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $176.00 price target on shares of S&P Global in a research report on Wednesday. Finally, Barclays PLC raised their price target on shares of S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a research report on Friday, September 15th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $161.73.
Shares of S&P Global (NYSE SPGI) opened at 161.55 on Friday. The company has a 50-day moving average of $156.70 and a 200-day moving average of $147.10. S&P Global has a 1-year low of $107.21 and a 1-year high of $162.96. The company has a market cap of $41.52 billion, a PE ratio of 18.82 and a beta of 1.50.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 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 business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.46 billion. During the same period last year, the firm earned $1.44 earnings per share. S&P Global’s revenue for the quarter was up 1.8% compared to the same quarter last year. Equities analysts forecast that S&P Global will post $6.36 EPS for the current year.
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In related news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $16,059. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.
Large investors have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new position in shares of S&P Global in the 2nd quarter worth about $106,000. American Beacon Advisors Inc. purchased a new position in shares of S&P Global in the 1st quarter worth about $103,000. Parallel Advisors LLC boosted its holdings 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 buying an additional 50 shares during the last quarter. Guardian Life Insurance Co. of America boosted its holdings 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 buying an additional 10 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its holdings 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 buying an additional 947 shares during the last quarter. 85.24% of the stock is currently 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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