S&P Global Inc. (SPGI) Receives Average Recommendation of “Buy” from Analysts
Shares of S&P Global Inc. (NYSE:SPGI) have been given an average rating of “Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $164.75.
A number of analysts recently commented on SPGI shares. BMO Capital Markets reaffirmed a “buy” rating and issued a $177.00 target price on shares of S&P Global in a research report on Friday, October 13th. Morgan Stanley boosted their target price on S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Friday, October 6th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Barclays PLC boosted their target price on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a $176.00 target price on shares of S&P Global in a research report on Wednesday, October 18th.
In other S&P Global news, SVP Nancy Luquette sold 860 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $151.50, for a total transaction of $130,290.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in S&P Global by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock worth $2,886,935,000 after purchasing an additional 379,537 shares in the last quarter. BlackRock Inc. increased its holdings in S&P Global by 11.3% during the 2nd quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after purchasing an additional 1,744,482 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in S&P Global by 0.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock worth $1,035,069,000 after purchasing an additional 18,758 shares in the last quarter. Independent Franchise Partners LLP increased its holdings in S&P Global by 0.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after purchasing an additional 30,708 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in S&P Global by 61.6% during the 2nd quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider’s stock worth $268,235,000 after purchasing an additional 700,194 shares in the last quarter. 85.47% of the stock is owned by hedge funds and other institutional investors.
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S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company posted $1.43 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.
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.
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