S&P Global (NYSE: SPGI) recently received a number of ratings updates from brokerages and research firms:

  • 10/18/2017 – S&P Global had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group, Inc. (The). They now have a $176.00 price target on the stock.
  • 10/13/2017 – S&P Global had its “buy” rating reaffirmed by analysts at BMO Capital Markets. They now have a $177.00 price target on the stock.
  • 10/10/2017 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $178.00 price target on the stock. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. The acquisition of SNL Financial is likely to complement the S&P Capital IQ and Platts businesses. Moreover, it will enable global expansion on a greater scale especially within the banking and insurance sectors, while media and real estate areas are likely to emerge as new opportunities. The acquisition is expected to be accretive to GAAP earnings in 2018. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. The company also outperformed the industry year to date. However, S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets.”
  • 10/6/2017 – S&P Global had its price target raised by analysts at Morgan Stanley from $154.00 to $158.00. They now have an “equal weight” rating on the stock.
  • 10/3/2017 – S&P Global was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Additionally, increase in interest rates or credit spreads may adversely affect the general level of debt issuance. The company further expects that Brexit could affect debt issuance in Europe. Several lawsuits have also hampered the credibility of S&P Global and adversely impacted its financial results. In addition, the market for credit rating, research, investment and advisory services is highly competitive, which weighs upon the top line and strains margins. However, S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive future growth. The company outperformed the industry year to date.”
  • 9/26/2017 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive future growth. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum. The acquisition of SNL Financial will enable global expansion on a greater scale especially within the banking and insurance sectors, while media and real estate areas are likely to emerge as new opportunities. The company outperformed the industry year to date. However, S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Several lawsuits have also hampered the credibility of the company and adversely impacted its financial results.”
  • 9/21/2017 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $175.00 price target on the stock. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive future growth. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. This apart, strategic acquisitions and positive industry trends augur well for long-term growth. The acquisition of SNL Financial will enable global expansion on a greater scale especially within the banking and insurance sectors, while media and real estate areas are likely to emerge as new opportunities. The company outperformed the industry year to date. However, its performance is likely to be hurt by lower volume of debt securities issued in the capital markets.”
  • 9/18/2017 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive future growth. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. This apart, strategic acquisitions and positive industry trends augur well for long-term growth. The company outperformed the industry year to date. However, its performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Various lawsuits have also hampered the credibility of the company and adversely impacted its financial results.”
  • 9/15/2017 – S&P Global had its price target raised by analysts at Barclays PLC from $160.00 to $170.00. They now have an “overweight” rating on the stock.
  • 9/12/2017 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive future growth. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. This apart, strategic acquisitions and positive industry trends augur well for long-term growth. The company outperformed the industry year to date. However, its performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Various lawsuits have also hampered the credibility of the company and adversely impacted its financial results.”
  • 8/29/2017 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $170.00 price target on the stock. According to Zacks, “S&P Global’s portfolio restructuring efforts and focus on core businesses are likely to drive growth in the future. This apart, strategic acquisitions and positive industry trends augur well for long-term growth. The acquisition of SNL Financial is a strategic fit for S&P Global as its business is in sync with the S&P Capital IQ and Platts businesses, which will help the latter to avail cost cuts and generate revenue synergies. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. The company outperformed the industry year to date. Management further increased its guidance on favorable growth dynamics. However, its performance is likely to be hurt by lower volume of debt securities issued in the capital markets.”
  • 8/28/2017 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global's strategic portfolio restructuring and focus on core business continues to drive growth. This apart, strategic acquisitions and positive industry trends like surge of new high-yield bonds and leveraged loans, fueled by tight interest-rate spreads, augur well for long-term growth. The company outperformed the industry year to date. Management further increased its guidance on favorable growth dynamics. However, its performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Additionally, increase in interest rates or credit spreads may adversely affect the general level of debt issuance.”

Shares of S&P Global Inc. (SPGI) traded down 0.27% during midday trading on Wednesday, hitting $161.25. 482,466 shares of the company’s stock were exchanged. The firm has a market cap of $41.44 billion, a price-to-earnings ratio of 18.79 and a beta of 1.50. The company has a 50-day moving average of $155.56 and a 200-day moving average of $146.21. S&P Global Inc. has a 52 week low of $107.21 and a 52 week high of $162.96.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.44 earnings per share. Equities research analysts expect that S&P Global Inc. will post $6.35 EPS for the current fiscal year.

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 shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by corporate insiders.

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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