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.

TRADEMARK VIOLATION NOTICE: This piece of content was published by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/11/02/sp-global-inc-spgi-receives-average-recommendation-of-buy-from-analysts.html.

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.

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

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.