S&P Global Inc. (SPGI) Given New $185.00 Price Target at Barclays PLC

S&P Global Inc. (NYSE:SPGI) had its target price lifted by Barclays PLC from $180.00 to $185.00 in a research report report published on Friday. The firm currently has an overweight rating on the business services provider’s stock.

SPGI has been the subject of a number of other research reports. UBS AG increased their target price on shares of S&P Global from $173.00 to $185.00 and gave the company a buy rating in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $170.00 target price for the company in a research report on Tuesday, August 29th. BidaskClub lowered shares of S&P Global from a strong-buy rating to a buy rating in a research report on Friday, October 20th. BMO Capital Markets increased their target price on shares of S&P Global from $161.00 to $164.00 and gave the company an outperform rating in a research report on Friday, July 28th. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $159.00 to $165.00 and gave the company a market perform rating in a research report on Friday, October 27th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $168.27.

S&P Global (NYSE:SPGI) opened at $162.19 on Friday. The stock has a market cap of $40,950.45, a PE ratio of 25.37, a P/E/G ratio of 1.93 and a beta of 1.51. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. S&P Global has a 12-month low of $107.21 and a 12-month high of $166.17.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. S&P Global’s revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.43 EPS. equities analysts forecast that S&P Global will post 6.64 earnings per share for the current fiscal year.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 28th will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, November 27th. S&P Global’s payout ratio is 24.08%.

In other S&P Global news, EVP Courtney Geduldig sold 1,596 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $156.50, for a total transaction of $249,774.00. Following the completion of the sale, the executive vice president now directly owns 2,663 shares of the company’s stock, valued at $416,759.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total transaction of $130,290.00. Following the sale, the senior vice president now directly owns 106 shares of the company’s stock, valued at $16,059. The disclosure for this sale can be found here. Insiders sold a total of 7,860 shares of company stock valued at $1,234,994 over the last three months. 0.20% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its position in shares of S&P Global by 98.9% in the second quarter. State of Alaska Department of Revenue now owns 1,911 shares of the business services provider’s stock worth $278,000 after purchasing an additional 950 shares in the last quarter. First Quadrant L P CA purchased a new stake in shares of S&P Global in the second quarter worth approximately $415,000. BTIM Corp. purchased a new stake in shares of S&P Global in the second quarter worth approximately $671,000. Viking Fund Management LLC purchased a new stake in shares of S&P Global in the second quarter worth approximately $292,000. Finally, US Bancorp DE lifted its position in shares of S&P Global by 6.1% in the second quarter. US Bancorp DE now owns 287,565 shares of the business services provider’s stock worth $41,981,000 after purchasing an additional 16,652 shares in the last quarter. 85.77% of the stock is owned by institutional investors.

About S&P Global

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)

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