S&P Global (SPGI) PT Raised to $196.00 at Cantor Fitzgerald

S&P Global (NYSE:SPGI) had its target price raised by Cantor Fitzgerald from $190.00 to $196.00 in a research report sent to investors on Wednesday morning. Cantor Fitzgerald currently has an overweight rating on the business services provider’s stock. Cantor Fitzgerald also issued estimates for S&P Global’s FY2019 earnings at $9.71 EPS.

Several other research analysts also recently commented on the stock. Barclays lifted their target price on shares of S&P Global from $190.00 to $205.00 and gave the stock an overweight rating in a report on Wednesday. BMO Capital Markets boosted their price objective on shares of S&P Global from $183.00 to $186.00 and gave the stock a market perform rating in a report on Wednesday. Morgan Stanley boosted their price objective on shares of S&P Global from $192.00 to $198.00 and gave the stock an equal weight rating in a report on Wednesday. Susquehanna Bancshares downgraded shares of S&P Global from a positive rating to a neutral rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $204.00 price objective on the stock in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. S&P Global currently has a consensus rating of Buy and an average target price of $182.29.

S&P Global (SPGI) opened at $177.50 on Wednesday. The company has a market cap of $46,360.00, a price-to-earnings ratio of 30.71, a P/E/G ratio of 1.63 and a beta of 1.52. S&P Global has a twelve month low of $125.46 and a twelve month high of $185.38. The company has a quick ratio of 1.52, a current ratio of 1.35 and a debt-to-equity ratio of 4.13.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, topping the 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 business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 EPS. analysts expect that S&P Global will post 8.52 earnings per share for the current fiscal year.

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

In other news, CEO Douglas L. Peterson sold 4,000 shares of the business’s 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 transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in S&P Global by 2.3% in the fourth quarter. BlackRock Inc. now owns 18,078,515 shares of the business services provider’s stock valued at $3,062,502,000 after acquiring an additional 401,826 shares during the period. Edgewood Management LLC increased its stake in S&P Global by 2.4% in the third quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock valued at $941,843,000 after acquiring an additional 141,206 shares during the period. JPMorgan Chase & Co. increased its stake in S&P Global by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 4,421,615 shares of the business services provider’s stock valued at $687,694,000 after acquiring an additional 157,161 shares during the period. Capital International Investors increased its stake in S&P Global by 1.7% in the third quarter. Capital International Investors now owns 2,206,505 shares of the business services provider’s stock valued at $344,899,000 after acquiring an additional 36,562 shares during the period. Finally, Mawer Investment Management Ltd. increased its stake in S&P Global by 9.3% in the fourth quarter. Mawer Investment Management Ltd. now owns 1,848,721 shares of the business services provider’s stock valued at $313,173,000 after acquiring an additional 156,910 shares during the period. 85.37% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION WARNING: This news story was first reported by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of international copyright & trademark laws. The correct version of this news story can be viewed at https://stocknewstimes.com/2018/02/11/sp-global-spgi-pt-raised-to-196-00-at-cantor-fitzgerald.html.

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)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply