Cantor Fitzgerald reiterated their buy rating on shares of S&P Global Inc. (NYSE:SPGI) in a report issued on Thursday. They currently have a $177.00 price target on the business services provider’s stock.
SPGI has been the subject of several other reports. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $166.00 price objective for the company in a research report on Monday, August 14th. BidaskClub cut shares of S&P Global from a strong-buy rating to a buy rating in a research report on Friday, October 20th. UBS AG increased their price objective on shares of S&P Global from $154.00 to $175.00 and gave the stock a buy rating in a research report on Friday, July 28th. BMO Capital Markets increased their price objective on shares of S&P Global from $152.00 to $161.00 and gave the stock a no rating at time rating in a research report on Friday, July 14th. Finally, Morgan Stanley reiterated an equal weight rating and set a $146.00 price objective (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $164.75.
Shares of S&P Global (NYSE:SPGI) traded down 1.72% during trading on Thursday, hitting $162.16. 1,904,614 shares of the stock traded hands. The firm has a market capitalization of $41.35 billion, a price-to-earnings ratio of 18.97 and a beta of 1.50. The firm has a 50-day moving average of $157.98 and a 200-day moving average of $148.27. S&P Global has a 1-year low of $107.21 and a 1-year high of $166.17.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the prior year, the company posted $1.43 earnings per share. S&P Global’s revenue for the quarter was up 5.1% compared to the same quarter last year. On average, equities analysts forecast that S&P Global will post $6.51 earnings per share for the current year.
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In other S&P Global news, SVP Nancy Luquette sold 860 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the sale, the senior vice president now directly owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.20% of the company’s stock.
Large investors have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. grew its holdings in S&P Global by 5.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 815,937 shares of the business services provider’s stock worth $106,676,000 after purchasing an additional 38,665 shares during the period. Davis Selected Advisers grew its holdings in shares of S&P Global by 2.7% during the second quarter. Davis Selected Advisers now owns 181,288 shares of the business services provider’s stock valued at $26,466,000 after buying an additional 4,810 shares during the last quarter. New York State Common Retirement Fund grew its holdings in shares of S&P Global by 4.3% during the second quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock valued at $129,848,000 after buying an additional 36,605 shares during the last quarter. Aperio Group LLC grew its holdings in shares of S&P Global by 14.7% during the second quarter. Aperio Group LLC now owns 130,714 shares of the business services provider’s stock valued at $19,083,000 after buying an additional 16,713 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of S&P Global by 0.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 59,228 shares of the business services provider’s stock valued at $8,647,000 after buying an additional 194 shares during the last quarter. Institutional investors and hedge funds own 85.59% of the company’s stock.
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.
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