S&P Global Inc. (NYSE:SPGI) had its price objective hoisted by Barclays PLC from $160.00 to $170.00 in a research report issued to clients and investors on Friday. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays PLC’s price objective indicates a potential upside of 10.61% from the company’s previous close.

SPGI has been the topic of a number of other research reports. Zacks Investment Research cut shares of S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday. UBS AG increased their target price 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. BMO Capital Markets raised their price objective 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. Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Finally, Argus restated a “buy” rating and set a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $157.00.

Shares of S&P Global (NYSE SPGI) traded up 0.166% during midday trading on Friday, hitting $153.975. 534,038 shares of the stock were exchanged. S&P Global has a 12-month low of $107.21 and a 12-month high of $158.35. The firm has a 50 day moving average of $151.82 and a 200 day moving average of $141.90. The firm has a market cap of $39.57 billion, a P/E ratio of 17.940 and a beta of 1.51.

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 (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. Equities analysts forecast that S&P Global will post $6.34 EPS for the current fiscal year.

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In related news, SVP Nancy Luquette sold 860 shares of S&P Global 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 transaction, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in SPGI. Wedbush Securities Inc. grew its position in shares of S&P Global by 0.3% in the 2nd quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock valued at $294,000 after purchasing an additional 6 shares during the period. Guardian Life Insurance Co. of America lifted its stake in 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 valued at $131,000 after acquiring an additional 10 shares in the last quarter. Segall Bryant & Hamill LLC lifted its stake in S&P Global by 0.4% in the 1st quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock valued at $1,017,000 after acquiring an additional 30 shares in the last quarter. TNB Financial lifted its stake in S&P Global by 1.9% in the 2nd quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock valued at $321,000 after acquiring an additional 42 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in S&P Global by 5.4% in the 1st 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 in the last quarter. 85.39% of the stock is owned by hedge funds and other institutional investors.

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.

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

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