S&P Global (NYSE:SPGI) had its target price lifted by Credit Suisse Group from $183.00 to $222.00 in a research note released on Wednesday. They currently have an outperform rating on the business services provider’s stock.

Several other equities analysts have also recently issued reports on the company. Cantor Fitzgerald boosted their price target on S&P Global from $190.00 to $196.00 and gave the company an overweight rating in a research report on Wednesday. Barclays boosted their price target on S&P Global from $190.00 to $205.00 and gave the company an overweight rating in a research report on Wednesday. BMO Capital Markets boosted their price target on S&P Global from $183.00 to $186.00 and gave the company a market perform rating in a research report on Wednesday. Morgan Stanley boosted their price target on S&P Global from $192.00 to $198.00 and gave the company an equal weight rating in a research report on Wednesday. Finally, Susquehanna Bancshares cut S&P Global from a positive rating to a neutral rating in a research report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. S&P Global currently has an average rating of Buy and a consensus price target of $182.29.

S&P Global (SPGI) opened at $182.69 on Wednesday. The stock has a market capitalization of $45,889.80, a PE ratio of 26.08, a P/E/G ratio of 1.96 and a beta of 1.52. S&P Global has a 52-week low of $124.64 and a 52-week high of $185.38. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52.

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 (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.26. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The firm’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.28 EPS. equities analysts expect that S&P Global will post 7.35 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be given a dividend of $0.50 per share. This is a boost from S&P Global’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, February 23rd. This represents a $2.00 annualized dividend and a yield of 1.09%. S&P Global’s payout ratio is presently 28.37%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The stock was 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 Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. USA Mutuals Advisors Inc. acquired a new position in S&P Global during the 4th quarter worth approximately $108,000. Cerebellum GP LLC acquired a new position in S&P Global during the 4th quarter worth approximately $129,000. Bronfman E.L. Rothschild L.P. increased its position in S&P Global by 89.8% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock worth $142,000 after purchasing an additional 396 shares during the period. Americafirst Capital Management LLC acquired a new position in S&P Global during the 3rd quarter worth approximately $150,000. Finally, NuWave Investment Management LLC acquired a new position in S&P Global during the 4th quarter worth approximately $172,000. Institutional investors own 85.37% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “S&P Global (SPGI) Price Target Increased to $222.00 by Analysts at Credit Suisse Group” was first posted by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The legal version of this piece of content can be viewed at https://www.dailypolitical.com/2018/02/08/sp-global-spgi-price-target-increased-to-222-00-by-analysts-at-credit-suisse-group.html.

About S&P Global

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.