Morgan Stanley Boosts S&P Global (SPGI) Price Target to $198.00

S&P Global (NYSE:SPGI) had its target price upped by Morgan Stanley from $192.00 to $198.00 in a research note released on Wednesday morning. Morgan Stanley currently has an equal weight rating on the business services provider’s stock.

A number of other brokerages also recently commented on SPGI. Zacks Investment Research raised shares of S&P Global from a hold rating to a buy rating and set a $204.00 target price on the stock in a research note on Tuesday, January 23rd. Susquehanna Bancshares downgraded shares of S&P Global from a positive rating to a neutral rating in a research note on Wednesday. Piper Jaffray Companies lifted their target price on shares of S&P Global from $150.00 to $168.00 and gave the stock an overweight rating in a research note on Wednesday, January 10th. Nomura began coverage on shares of S&P Global in a research note on Thursday, January 11th. They set a neutral rating and a $160.00 target price on the stock. Finally, Stifel Nicolaus began coverage on shares of S&P Global in a research note on Tuesday, December 19th. They set a hold rating and a $186.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. S&P Global currently has an average rating of Buy and a consensus price target of $182.29.

S&P Global (NYSE:SPGI) opened at $177.50 on Wednesday. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52. The firm has a market cap of $43,968.75, a PE ratio of 25.12, a PEG ratio of 1.63 and a beta of 1.52. S&P Global has a 52 week low of $125.46 and a 52 week high of $185.38.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.22. The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $1.28 earnings per share. research analysts anticipate that S&P Global will post 8.52 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 23rd. This is an increase from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 dividend on an annualized basis and a yield of 1.13%. S&P Global’s payout ratio is 28.37%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at $22,207,837.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. USA Mutuals Advisors Inc. acquired a new stake in shares of S&P Global during the fourth quarter valued at about $108,000. Cerebellum GP LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at about $129,000. Bronfman E.L. Rothschild L.P. increased its position in shares of S&P Global by 89.8% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after acquiring an additional 396 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $150,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at about $172,000. Institutional investors and hedge funds own 85.37% of the company’s stock.

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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.

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

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