Morgan Stanley Raises S&P Global (SPGI) Price Target to $203.00

Postado Abril 16, 2018

(NYSE:SPGI)'s earnings report, as reported by RTT. S&P Global had 4 analyst reports since August 26, 2016 according to SRatingsIntel.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.63 by $0.22. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion.

On April, 24 is expected S&P Global Inc. This year's performance is 7.22% while this quarter's performance is -5.12%. During the same quarter in the previous year, the firm posted $1.28 earnings per share.

Other hedge funds also recently bought and sold shares of the company. On Friday, October 27 the stock of S&P Global Inc. ValuEngine raised shares of S&P Global from a "hold" rating to a "buy" rating in a research note on Monday, April 2nd. The stock rating was maintained by Barclays Capital with "Overweight" on Friday, December 15. They issued a "neutral" rating and a $160.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating to the stock. Barclays Capital has "Overweight" rating and $190 target.

In related news, insider John L. Berisford sold 28,603 shares of S&P Global stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $188.53, for a total value of $167,791.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The stock was sold at an average price of $130.40, for a total value of $3,729,831.20. Following the completion of the transaction, the chief executive officer now directly owns 145,850 shares in the company, valued at $27,317,705. The disclosure for this purchase can be found here. In the last three months, insiders sold 20,792 shares of company stock valued at $3,973,197. Certified Advisory Corp acquired a new position in shares of S&P Global in the 4th quarter valued at $1,320,000. Pacer Advisors Inc. now owns 6,498 shares of the business services provider's stock worth $1,016,000 after acquiring an additional 624 shares during the last quarter. S&P Global makes up approximately 0.5% of Two Sigma Investments LP's holdings, making the stock its 28th largest position. Xact Kapitalforvaltning AB now owns 61,240 shares of the business services provider's stock valued at $10,374,000 after purchasing an additional 2,786 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in S&P Global in the fourth quarter worth about $115,000. The company's stock had a trading volume of 876,037 shares, compared to its average volume of 1,374,217. The company has a market capitalization of $48,791.96, a PE ratio of 27.85, a price-to-earnings-growth ratio of 1.56 and a beta of 1.36. S&P Global Inc has a 12-month low of $129.19 and a 12-month high of $197.76.

The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13.

ILLEGAL ACTIVITY WARNING: This piece was posted by Macon Daily and is owned by of Macon Daily.

S&P Global Inc. provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide.The firm is valued at $47.57 billion.