S&P Global (NYSE:SPGI) had its price target increased by stock analysts at Morgan Stanley from $192.00 to $198.00 in a research report issued to clients and investors on Wednesday. The firm presently has an “equal weight” rating on the business services provider’s stock. Morgan Stanley’s price target suggests a potential upside of 9.09% from the stock’s current price.
A number of other brokerages have also recently commented on SPGI. BMO Capital Markets reiterated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a report on Friday, October 13th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective for the company in a report on Tuesday, January 23rd. Barclays boosted their price objective on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Goldman Sachs Group restated a “neutral” rating and set a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. Finally, Piper Jaffray Companies boosted their price objective on S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $175.08.
Shares of S&P Global (NYSE:SPGI) traded up $1.54 during trading on Wednesday, hitting $181.50. The stock had a trading volume of 441,335 shares, compared to its average volume of 1,140,935. The stock has a market cap of $42,421.80, a PE ratio of 26.60, a price-to-earnings-growth ratio of 1.77 and a beta of 1.52. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00. S&P Global has a 12-month low of $124.64 and a 12-month high of $185.34.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.26. The firm had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.28 EPS. equities analysts expect that S&P Global will post 6.68 EPS for the current year.
In other S&P Global news, EVP Courtney Geduldig sold 1,404 shares of S&P Global stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. 0.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Edgewood Management LLC raised its position in S&P Global by 2.4% during the 3rd quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after purchasing an additional 141,206 shares in the last quarter. JPMorgan Chase & Co. raised its position in S&P Global by 3.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after purchasing an additional 157,161 shares in the last quarter. Capital International Investors raised its position in S&P Global by 1.7% during the 3rd quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock valued at $344,899,000 after purchasing an additional 36,562 shares in the last quarter. Mawer Investment Management Ltd. raised its position in S&P Global by 0.7% during the 3rd quarter. Mawer Investment Management Ltd. now owns 1,691,811 shares of the business services provider’s stock valued at $264,447,000 after purchasing an additional 12,150 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in S&P Global by 3.4% during the 3rd quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after purchasing an additional 47,930 shares in the last quarter. 85.37% of the stock is owned by institutional investors and hedge funds.
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.