S&P Global (NYSE:SPGI) received a $223.00 price target from equities researchers at Morgan Stanley in a research note issued on Thursday, TipRanks reports. The brokerage presently has a “hold” rating on the business services provider’s stock. Morgan Stanley’s price objective points to a potential downside of 0.65% from the stock’s current price.

SPGI has been the subject of a number of other research reports. Raymond James boosted their price target on S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Zacks Investment Research lowered S&P Global from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. UBS Group boosted their price target on S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Finally, Piper Jaffray Companies boosted their price target on S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $217.27.

SPGI opened at $224.45 on Thursday. The company has a market cap of $55.20 billion, a PE ratio of 26.41, a price-to-earnings-growth ratio of 1.80 and a beta of 1.10. S&P Global has a one year low of $156.68 and a one year high of $229.00. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The firm’s revenue for the quarter was up .3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 EPS. As a group, equities research analysts predict that S&P Global will post 9.01 earnings per share for the current year.

In other news, SVP Nancy Luquette sold 2,200 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares in the company, valued at approximately $507,429. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the sale, the chief executive officer now owns 173,431 shares of the company’s stock, valued at approximately $36,595,675.31. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 22,095 shares of company stock valued at $4,729,500. 0.20% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SPGI. Meridian Wealth Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $26,000. Julex Capital Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $28,000. Harvest Group Wealth Management LLC acquired a new position in shares of S&P Global in the 1st quarter valued at $28,000. Kistler Tiffany Companies LLC increased its position in shares of S&P Global by 220.0% in the 1st quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 110 shares during the period. Finally, Berman Capital Advisors LLC increased its position in shares of S&P Global by 59.6% in the 1st quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 62 shares during the period. Hedge funds and other institutional investors own 83.00% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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