S&P Global (SPGI) PT Raised to $168.00

S&P Global (NYSE:SPGI) had its target price increased by Piper Jaffray Companies from $150.00 to $168.00 in a research report report published on Wednesday. The firm currently has an overweight rating on the business services provider’s stock.

Other analysts also recently issued research reports about the company. Cantor Fitzgerald reiterated a buy rating and issued a $177.00 price objective on shares of S&P Global in a research report on Thursday, October 26th. BidaskClub downgraded S&P Global from a strong-buy rating to a buy rating in a research report on Friday, October 20th. Zacks Investment Research upgraded S&P Global from a hold rating to a buy rating and set a $175.00 price objective for the company in a research report on Thursday, September 21st. BMO Capital Markets reiterated a buy rating and issued a $177.00 price objective on shares of S&P Global in a research report on Friday, October 13th. Finally, UBS Group raised their price objective on S&P Global from $173.00 to $185.00 and gave the stock a buy rating in a research report on Friday, October 27th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. S&P Global presently has an average rating of Buy and an average target price of $171.46.

Shares of S&P Global (SPGI) opened at $177.64 on Wednesday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. S&P Global has a 52 week low of $110.91 and a 52 week high of $178.50. The firm has a market capitalization of $45,300.00, a P/E ratio of 26.09, a P/E/G ratio of 1.94 and a beta of 1.51.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter last year, the company earned $1.43 EPS. The company’s quarterly revenue was up 5.1% on a year-over-year basis. equities analysts forecast that S&P Global will post 6.66 earnings per share for the current year.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Courtney Geduldig sold 1,404 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the transaction, the executive vice president now owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 in the last 90 days. 0.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Americafirst Capital Management LLC acquired a new stake in S&P Global during the 3rd quarter valued at $150,000. GQG Partners LLC acquired a new stake in S&P Global during the 2nd quarter valued at $160,000. San Francisco Sentry Investment Group CA increased its holdings in S&P Global by 828.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 1,160 shares of the business services provider’s stock valued at $181,000 after purchasing an additional 1,035 shares in the last quarter. Country Club Trust Company n.a. acquired a new stake in S&P Global during the 4th quarter valued at $203,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in S&P Global during the 2nd quarter valued at $185,000. Institutional investors and hedge funds own 84.95% of the company’s stock.

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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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