S&P Global Inc. (NYSE:SPGI) Given New $175.00 Price Target at UBS AG
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.
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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.
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