S&P Global Inc. (SPGI) Price Target Raised to $158.00 at Morgan Stanley
S&P Global Inc. (NYSE:SPGI) had its price target lifted by equities researchers at Morgan Stanley from $154.00 to $158.00 in a note issued to investors on Friday. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price objective suggests a potential downside of 0.65% from the stock’s current price.
SPGI has been the topic of several other research reports. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $170.00 price objective on the stock in a report on Tuesday, August 29th. Barclays PLC raised their price objective on S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. BMO Capital Markets raised their price objective on S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, UBS AG raised their price objective 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 sell rating, one has assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $158.70.
S&P Global (SPGI) traded up 0.23% during midday trading on Friday, hitting $159.41. The stock had a trading volume of 120,266 shares. S&P Global has a 52 week low of $107.21 and a 52 week high of $160.00. The company’s 50-day moving average price is $153.93 and its 200 day moving average price is $144.64. The company has a market capitalization of $40.97 billion, a PE ratio of 18.57 and a beta of 1.50.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter last year, the business posted $1.44 EPS. S&P Global’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts expect that S&P Global will post $6.34 EPS for the current year.
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In other S&P Global 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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in SPGI. American Beacon Advisors Inc. acquired a new position in S&P Global during the 1st quarter worth about $103,000. Penserra Capital Management LLC acquired a new position in S&P Global during the 2nd quarter worth about $106,000. Guardian Life Insurance Co. of America lifted its holdings in S&P Global by 1.0% during 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 period. Parallel Advisors LLC lifted its holdings in S&P Global by 5.4% during 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 period. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in S&P Global by 1,214.1% during 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 period. 85.34% of the stock is currently owned by hedge funds and other 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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