Equities researchers at Stifel Nicolaus started coverage on shares of S&P Global (NYSE:SPGI) in a research report issued on Tuesday, December 19th, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $186.00 price target on the business services provider’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 5.92% from the company’s previous close.
Several other research firms have also issued reports on SPGI. Zacks Investment Research lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Barclays lifted their target price on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. Morgan Stanley boosted their price objective on shares of S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a report on Friday, October 6th. BMO Capital Markets restated a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a report on Friday, October 13th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. S&P Global presently has a consensus rating of “Buy” and a consensus price target of $171.67.
S&P Global (NYSE:SPGI) opened at $175.61 on Tuesday. The company has a debt-to-equity ratio of 4.00, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $44,780.00, a PE ratio of 25.79, a PEG ratio of 1.94 and a beta of 1.51. S&P Global has a 12 month low of $110.54 and a 12 month high of $178.50.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the firm earned $1.43 earnings per share. S&P Global’s quarterly revenue was up 5.1% on a year-over-year basis. sell-side analysts anticipate that S&P Global will post 6.66 EPS for the current fiscal year.
In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the business’s 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 owns 140,743 shares in the company, valued at approximately $22,207,837.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the business’s 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 owns 1,259 shares in the company, valued at approximately $200,659.42. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,000 shares of company stock worth $1,104,704. 0.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Brookstone Capital Management grew its holdings in S&P Global by 1.0% during the 2nd quarter. Brookstone Capital Management now owns 5,447 shares of the business services provider’s stock valued at $795,000 after purchasing an additional 56 shares during the last quarter. Advisor Group Inc. grew its holdings in S&P Global by 4.2% during the 2nd quarter. Advisor Group Inc. now owns 1,782 shares of the business services provider’s stock valued at $260,000 after purchasing an additional 72 shares during the last quarter. Parallel Advisors LLC grew its holdings in S&P Global by 8.9% during the 2nd quarter. Parallel Advisors LLC now owns 1,057 shares of the business services provider’s stock valued at $162,000 after purchasing an additional 86 shares during the last quarter. Scotia Capital Inc. grew its holdings in S&P Global by 1.1% during the 2nd quarter. Scotia Capital Inc. now owns 9,003 shares of the business services provider’s stock valued at $1,314,000 after purchasing an additional 99 shares during the last quarter. Finally, Sii Investments Inc. WI grew its stake in S&P Global by 4.8% in the 2nd quarter. Sii Investments Inc. WI now owns 2,200 shares of the business services provider’s stock worth $322,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.
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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.
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