S&P Global (SPGI) Rating Reiterated by Piper Jaffray Companies

S&P Global (NYSE:SPGI)‘s stock had its “overweight” rating restated by stock analysts at Piper Jaffray Companies in a research note issued on Tuesday, Marketbeat reports. They presently have a $229.00 target price on the business services provider’s stock, up from their prior target price of $224.00. Piper Jaffray Companies’ target price suggests a potential upside of 25.87% from the stock’s current price.

A number of other equities analysts also recently issued reports on the company. Credit Suisse Group increased their price target on S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald raised their target price on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Barclays raised their target price on S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised their target price on S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley raised their target price on S&P Global from $192.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $186.64.

Shares of S&P Global (NYSE:SPGI) traded up $1.58 during mid-day trading on Tuesday, reaching $181.94. The company’s stock had a trading volume of 1,497,324 shares, compared to its average volume of 1,341,717. The stock has a market capitalization of $45,067.25, a P/E ratio of 31.48, a P/E/G ratio of 1.67 and a beta of 1.52. The company has a quick ratio of 1.52, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global has a 52 week low of $126.21 and a 52 week high of $185.38.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. S&P Global’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.28 earnings per share. equities research analysts anticipate that S&P Global will post 8.52 EPS for the current year.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the completion of the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Korea Investment CORP increased its holdings in shares of S&P Global by 11.1% in the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after purchasing an additional 30,900 shares during the last quarter. Prudential Financial Inc. increased its stake in S&P Global by 3.4% during the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock worth $225,392,000 after acquiring an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd acquired a new stake in S&P Global during the fourth quarter worth $66,273,000. Twin Capital Management Inc. increased its stake in S&P Global by 90.5% during the fourth quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock worth $9,500,000 after acquiring an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in S&P Global during the third quarter worth $23,854,000. 85.21% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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