S&P Global (SPGI) Given a $204.00 Price Target by Morgan Stanley Analysts

S&P Global (NYSE:SPGI) has been assigned a $204.00 target price by Morgan Stanley in a note issued to investors on Thursday. The brokerage presently has a “hold” rating on the business services provider’s stock. Morgan Stanley’s target price would indicate a potential upside of 9.40% from the stock’s current price.

Several other equities analysts have also recently weighed in on SPGI. BMO Capital Markets boosted their price objective on S&P Global from $209.00 to $214.00 and gave the stock a “market perform” rating in a research report on Friday, July 27th. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, July 12th. Atlantic Securities cut S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. UBS Group cut their price objective on S&P Global from $242.00 to $241.00 and set a “buy” rating for the company in a research report on Friday, September 21st. Finally, Raymond James upped their price target on S&P Global from $206.00 to $218.00 and gave the company an “outperform” rating in a report on Tuesday, July 10th. Ten research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $205.86.

Shares of NYSE:SPGI opened at $186.47 on Thursday. S&P Global has a fifty-two week low of $153.25 and a fifty-two week high of $217.31. The stock has a market capitalization of $49.14 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.83 and a beta of 1.20. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 5.75.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $2.13 by $0.04. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.60 billion. During the same quarter in the previous year, the firm earned $1.72 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. As a group, analysts predict that S&P Global will post 8.52 EPS for the current fiscal year.

In related news, SVP Nancy Luquette sold 350 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total transaction of $71,172.50. Following the sale, the senior vice president now directly owns 531 shares in the company, valued at approximately $107,978.85. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Wealth Management LLC grew its position in S&P Global by 800.7% during the 2nd quarter. Cornerstone Wealth Management LLC now owns 24,795 shares of the business services provider’s stock worth $121,000 after acquiring an additional 22,042 shares during the last quarter. Kaizen Advisory LLC grew its position in S&P Global by 143.4% during the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after acquiring an additional 357 shares during the last quarter. Sun Life Financial INC grew its position in S&P Global by 209.0% during the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after acquiring an additional 462 shares during the last quarter. Summit Trail Advisors LLC grew its position in S&P Global by 20,684.8% during the 1st quarter. Summit Trail Advisors LLC now owns 165,031 shares of the business services provider’s stock worth $165,000 after acquiring an additional 164,237 shares during the last quarter. Finally, First Mercantile Trust Co. grew its position in S&P Global by 65.0% during the 2nd quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after acquiring an additional 334 shares during the last quarter. Institutional investors and hedge funds own 83.51% of the company’s stock.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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