S&P Global (NYSE:SPGI) Given New $246.00 Price Target at Raymond James

S&P Global (NYSE:SPGI) had its price objective hoisted by Raymond James from $226.00 to $246.00 in a research report report published on Wednesday morning, Stock Target Advisor reports. They currently have an outperform rating on the business services provider’s stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of GALP ENERGIA SG/ADR from a hold rating to a sell rating in a report on Monday, May 6th. UBS Group boosted their price objective on shares of Willis Towers Watson from $202.00 to $220.00 and gave the stock a buy rating in a report on Wednesday. Piper Jaffray Companies set a $16.00 price objective on shares of WPX Energy and gave the stock a buy rating in a report on Friday, April 5th. Morgan Stanley boosted their price objective on shares of Williams-Sonoma from $52.00 to $56.00 and gave the stock an underweight rating in a report on Wednesday. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price objective on shares of Diageo and gave the stock a neutral rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $225.55.

Shares of NYSE:SPGI traded up $3.68 during midday trading on Wednesday, hitting $238.44. 720,400 shares of the company’s stock traded hands, compared to its average volume of 1,173,005. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 11.03. The firm has a market capitalization of $56.99 billion, a P/E ratio of 28.05, a PEG ratio of 1.91 and a beta of 1.09. The firm has a fifty day moving average price of $225.22. S&P Global has a twelve month low of $156.68 and a twelve month high of $238.99.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.12 by ($0.01). The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.60 billion. S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The business’s revenue was up .3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.00 EPS. On average, equities research analysts forecast that S&P Global will post 9.01 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a yield of 0.96%. S&P Global’s dividend payout ratio is currently 26.82%.

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $211.01, for a total value of $1,266,060.00. Following the sale, the chief executive officer now owns 173,431 shares in the company, valued at approximately $36,595,675.31. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction dated Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total transaction of $232,053.08. The disclosure for this sale can be found here. Insiders sold a total of 21,312 shares of company stock worth $4,593,028 in the last quarter. 0.20% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the company. OppenheimerFunds Inc. raised its stake in shares of S&P Global by 2.0% in the 1st quarter. OppenheimerFunds Inc. now owns 4,213,907 shares of the business services provider’s stock valued at $887,238,000 after purchasing an additional 80,700 shares in the last quarter. Egerton Capital UK LLP grew its position in shares of S&P Global by 11.0% during the 1st quarter. Egerton Capital UK LLP now owns 3,339,926 shares of the business services provider’s stock valued at $703,221,000 after buying an additional 330,142 shares during the last quarter. Northern Trust Corp grew its position in shares of S&P Global by 0.4% during the 1st quarter. Northern Trust Corp now owns 3,108,165 shares of the business services provider’s stock valued at $654,425,000 after buying an additional 12,880 shares during the last quarter. Geode Capital Management LLC grew its position in shares of S&P Global by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,856,635 shares of the business services provider’s stock valued at $484,484,000 after buying an additional 80,031 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of S&P Global during the 4th quarter valued at about $391,635,000. Institutional investors and hedge funds own 82.77% of the company’s stock.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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