S&P Global Inc. (SPGI) Price Target Raised to $170.00
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.
COPYRIGHT VIOLATION WARNING: This article was posted by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.americanbankingnews.com/2017/09/15/sp-global-inc-spgi-price-target-raised-to-170-00.html.
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.
Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with MarketBeat.com's FREE daily email newsletter.