Brokerages Set S&P Global Inc (SPGI) PT at $213.90

Shares of S&P Global Inc (NYSE:SPGI) have earned an average recommendation of “Buy” from the twelve research firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $213.90.

SPGI has been the subject of several research reports. Morgan Stanley set a $226.00 price target on shares of S&P Global and gave the stock a “hold” rating in a research note on Friday, May 3rd. Piper Jaffray Companies raised their price target on shares of S&P Global from $220.00 to $242.00 and gave the stock an “overweight” rating in a research note on Friday, April 5th. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Monday. ValuEngine raised shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Finally, Atlantic Securities raised shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price target for the company in a research note on Friday, January 11th.

In related news, CEO Alexander Matturri, Jr. sold 1,790 shares of the firm’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $205.88, for a total value of $368,525.20. Following the completion of the transaction, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at $4,010,130.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the completion of the transaction, the chief financial officer now directly owns 15,694 shares of the company’s stock, valued at $3,383,469.46. The disclosure for this sale can be found here. Insiders sold 27,041 shares of company stock valued at $5,530,535 over the last three months. 0.20% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in the stock. Harvest Group Wealth Management LLC acquired a new stake in shares of S&P Global during the first quarter worth $28,000. Kistler Tiffany Companies LLC lifted its holdings in shares of S&P Global by 220.0% during the first quarter. Kistler Tiffany Companies LLC now owns 160 shares of the business services provider’s stock worth $34,000 after buying an additional 110 shares in the last quarter. Berman Capital Advisors LLC lifted its holdings in shares of S&P Global by 59.6% during the first quarter. Berman Capital Advisors LLC now owns 166 shares of the business services provider’s stock worth $34,000 after buying an additional 62 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of S&P Global during the fourth quarter worth $28,000. Finally, Moody National Bank Trust Division acquired a new stake in shares of S&P Global during the fourth quarter worth $29,000. 83.96% of the stock is owned by institutional investors and hedge funds.

NYSE SPGI opened at $214.73 on Monday. S&P Global has a 52-week low of $156.68 and a 52-week high of $222.00. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.37. The company has a market cap of $52.86 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16.

S&P Global (NYSE:SPGI) last posted its 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). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the previous year, the company posted $2.00 earnings per share. S&P Global’s revenue for the quarter was up .3% compared to the same quarter last year. As a group, sell-side analysts expect that S&P Global will post 9.03 earnings per share for the current year.

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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