Stifel Nicolaus Increases S&P Global Price Target to $214.00

By Gulf Daily News

S&P Global (NYSE:SPGI) had its target price raised by stock analysts at Stifel Nicolaus from $186.00 to $214.00 in a note issued to investors on Friday, July 27th. The firm currently has a hold rating on the business services providers stock. Stifel Nicolaus target price would suggest a potential upside of 8.04% from the companys current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley lifted their target price on S&P Global from $214.00 to $217.00 and gave the company a $214.26 rating in a research note on Wednesday, July 18th. ValuEngine raised S&P Global from a hold rating to a buy rating in a research note on Monday, April 2nd. Zacks Investment Research raised S&P Global from a hold rating to a buy rating and set a $228.00 target price for the company in a research note on Monday, July 2nd. Finally, Raymond James reduced their price target on S&P Global from $210.00 to $206.00 and set an outperform rating on the stock in a research report on Thursday, April 19th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the companys stock. S&P Global presently has a consensus rating of Buy and a consensus price target of $202.93.

Shares of S&P Global traded up $0.80, reaching $198.08, during mid-day trading on Friday, according to Marketbeat Ratings. The company had a trading volume of 1,032,641 shares, compared to its average volume of 947,887. S&P Global has a twelve month low of $147.07 and a twelve month high of $217.31. The stock has a market cap of $49.73 billion, a PE ratio of 28.75, a PEG ratio of 1.85 and a beta of 1.25. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 5.75.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 26th. The business services provider reported $2.17 earnings per share for the quarter, beating the Zacks consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to analysts expectations of $1.60 billion. S&P Global had a return on equity of 333.87% and a net margin of 25.95%. The businesss revenue was up 6.6% on a year-over-year basis. During the same period last year, the firm posted $1.72 EPS. sell-side analysts forecast that S&P Global will post 8.54 EPS for the current fiscal year.

In related news, SVP Nancy Luquette sold 508 shares of S&P Global stock in a transaction dated Tuesday, June 12th. The stock was sold at an average price of $208.50, for a total value of $105,918.00. Following the sale, the senior vice president now owns 881 shares of the companys stock, valued at $183,688.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,936 shares of S&P Global stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $196.93, for a total value of $381,256.48. Following the completion of the sale, the chief executive officer now directly owns 14,579 shares in the company, valued at approximately $2,871,042.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,444 shares of company stock worth $1,278,174. Corporate insiders own 0.20% of the companys stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in S&P Global by 94.0% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 36,769 shares of the business services providers stock worth $6,857,000 after buying an additional 17,819 shares during the last quarter. Dock Street Asset Management Inc. increased its position in S&P Global by 0.6% during the second quarter. Dock Street Asset Management Inc. now owns 58,996 shares of the business services providers stock worth $12,029,000 after buying an additional 345 shares during the last quarter. USS Investment Management Ltd increased its position in S&P Global by 6.8% during the first quarter. USS Investment Management Ltd now owns 778,485 shares of the business services providers stock worth $146,830,000 after buying an additional 49,785 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in S&P Global by 7.4% during the first quarter. Compagnie Lombard Odier SCmA now owns 162,833 shares of the business services providers stock worth $31,110,000 after buying an additional 11,248 shares during the last quarter. Finally, Calamos Advisors LLC increased its position in S&P Global by 57.3% during the second quarter. Calamos Advisors LLC now owns 149,145 shares of the business services providers stock worth $30,409,000 after buying an additional 54,355 shares during the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

This article provided by NewsEdge.