S&P Global (NYSE: SPGI) has recently received a number of price target changes and ratings updates:

  • 10/27/2017 – S&P Global was downgraded by analysts at BMO Capital Markets from an “outperform” rating to a “market perform” rating. They now have a $166.00 price target on the stock.
  • 10/27/2017 – S&P Global had its price target raised by analysts at Wells Fargo & Company from $159.00 to $165.00. They now have a “market perform” rating on the stock.
  • 10/27/2017 – S&P Global had its price target raised by analysts at Barclays PLC from $170.00 to $180.00. They now have an “overweight” rating on the stock.
  • 10/27/2017 – S&P Global had its price target raised by analysts at UBS AG from $173.00 to $185.00. They now have a “buy” rating on the stock.
  • 10/26/2017 – S&P Global had its “buy” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $177.00 price target on the stock.
  • 10/20/2017 – S&P Global was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 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.”

S&P Global (NYSE:SPGI) last issued its quarterly 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 firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the prior year, the firm earned $1.43 EPS. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year.

In other news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction 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 transaction, the senior vice president now owns 106 shares of the company’s stock, valued at approximately $16,059. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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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