S&P Global Inc (NYSE:SPGI) has received an average recommendation of “Buy” from the nine brokerages that are presently covering the firm. One analyst has rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $139.22.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $145.00 price target on the stock in a research note on Tuesday, April 11th. Cantor Fitzgerald set a $139.00 price target on shares of S&P Global and gave the company a “buy” rating in a research note on Tuesday, February 7th. Barclays PLC reaffirmed an “overweight” rating and set a $140.00 price target (up previously from $130.00) on shares of S&P Global in a research note on Thursday, February 9th. Piper Jaffray Companies reissued an “overweight” rating and issued a $160.00 target price (up previously from $137.00) on shares of S&P Global in a research note on Thursday, February 9th. Finally, Raymond James Financial, Inc. raised shares of S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a research note on Monday.
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In other news, Director Stephanie C. Hill purchased 400 shares of the stock in a transaction dated Wednesday, March 15th. The shares were acquired at an average cost of $130.85 per share, for a total transaction of $52,340.00. Following the acquisition, the director now owns 400 shares of the company’s stock, valued at $52,340. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John L. Berisford sold 28,603 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $130.40, for a total transaction of $3,729,831.20. Following the completion of the sale, the insider now owns 46,863 shares in the company, valued at $6,110,935.20. The disclosure for this sale can be found here. 0.60% of the stock is currently owned by company insiders.
Several institutional investors have recently made changes to their positions in SPGI. Sumitomo Life Insurance Co. acquired a new stake in S&P Global during the third quarter worth about $2,623,000. ETRADE Capital Management LLC acquired a new stake in S&P Global during the third quarter worth about $210,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in S&P Global during the third quarter worth about $19,241,000. USS Investment Management Ltd acquired a new stake in S&P Global during the third quarter worth about $152,581,000. Finally, Dimensional Fund Advisors LP increased its stake in S&P Global by 3.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 606,769 shares of the business services provider’s stock worth $65,258,000 after buying an additional 22,687 shares during the last quarter. 86.33% of the stock is owned by hedge funds and other institutional investors.
S&P Global (NYSE:SPGI) traded down 0.07% during trading on Monday, reaching $131.78. The company had a trading volume of 1,078,151 shares. S&P Global has a one year low of $97.65 and a one year high of $133.08. The company has a 50-day moving average price of $129.99 and a 200 day moving average price of $122.62. The company has a market capitalization of $34.05 billion, a price-to-earnings ratio of 16.60 and a beta of 1.49.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 7th. The business services provider reported $1.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.09. The business earned $1.40 billion during the quarter, compared to analyst estimates of $1.34 billion. S&P Global had a net margin of 37.20% and a return on equity of 297.85%. The company’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.91 earnings per share. Analysts expect that S&P Global will post $6.03 earnings per share for the current 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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