S&P Global Inc. (NYSE:SPGI) had its target price lifted by UBS AG from $154.00 to $175.00 in a research report released on Friday morning. They currently have a buy rating on the business services provider’s stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their target price on shares of S&P Global from $152.00 to $161.00 and gave the company a no rating at time rating in a research report on Friday, July 14th. Morgan Stanley restated an equal weight rating and set a $146.00 price target (up from $145.00) on shares of S&P Global in a research report on Friday, July 14th. Zacks Investment Research raised shares of S&P Global from a hold rating to a buy rating and set a $167.00 target price on the stock in a research note on Monday, July 17th. Barclays PLC lifted their target price on shares of S&P Global from $150.00 to $155.00 and gave the stock an overweight rating in a research note on Wednesday, June 28th. Finally, Argus reaffirmed a buy rating and set a $158.00 target price (up from $150.00) on shares of S&P Global in a research note on Monday, May 29th. One investment analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $153.82.

Shares of S&P Global (NYSE SPGI) traded up 0.79% during midday trading on Friday, hitting $154.80. 346,464 shares of the stock were exchanged. S&P Global has a 12 month low of $107.21 and a 12 month high of $158.35. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 18.04 and a beta of 1.52. The firm’s 50-day moving average is $149.06 and its 200-day moving average is $135.56.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 earnings per share. Equities research analysts predict that S&P Global will post $6.25 earnings per share for the current year.

TRADEMARK VIOLATION NOTICE: “S&P Global Inc. (NYSE:SPGI) Given New $175.00 Price Target at UBS AG” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this article on another domain, it was stolen and reposted in violation of U.S. and international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/sp-global-inc-nysespgi-given-new-175-00-price-target-at-ubs-ag/1465749.html.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.07%. S&P Global’s payout ratio is 19.16%.

In other S&P Global news, Director Marco Alvera acquired 400 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were purchased at an average cost of $140.09 per share, with a total value of $56,036.00. Following the purchase, the director now owns 400 shares in the company, valued at $56,036. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.20% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in S&P Global during the first quarter valued at about $101,000. American Beacon Advisors Inc. acquired a new position in S&P Global during the first quarter valued at approximately $103,000. State of Alaska Department of Revenue acquired a new position in S&P Global during the first quarter valued at approximately $125,000. Guardian Life Insurance Co. of America raised its position in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the last quarter. 85.94% of the stock is currently owned by institutional investors.

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.

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

Receive News & Ratings for S&P Global Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.