S&P Global (NYSE:SPGI) Given New $378.00 Price Target at Morgan Stanley

S&P Global (NYSE:SPGIGet Rating) had its target price lifted by Morgan Stanley from $354.00 to $378.00 in a research report report published on Thursday, Marketbeat.com reports. The firm currently has an overweight rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on SPGI. Argus cut their price target on shares of S&P Global from $420.00 to $365.00 and set a buy rating for the company in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of S&P Global from $418.00 to $355.00 and set a buy rating for the company in a report on Friday, October 21st. Raymond James dropped their price target on S&P Global from $402.00 to $398.00 and set an outperform rating on the stock in a research note on Friday, October 28th. Atlantic Securities upgraded shares of S&P Global from a neutral rating to an overweight rating and raised their price target for the stock from $356.00 to $386.00 in a report on Monday, November 7th. Finally, StockNews.com initiated coverage on S&P Global in a research note on Wednesday, October 12th. They issued a hold rating on the stock. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of Moderate Buy and an average price target of $388.69.

S&P Global Stock Down 0.3 %

SPGI stock opened at $345.87 on Thursday. The firm’s 50-day moving average is $321.33 and its two-hundred day moving average is $341.14. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $112.68 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.06. S&P Global has a 52 week low of $279.32 and a 52 week high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last announced its earnings results on Thursday, October 27th. The business services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.79 by $0.14. The firm had revenue of $2.86 billion for the quarter, compared to analysts’ expectations of $2.91 billion. S&P Global had a return on equity of 12.47% and a net margin of 33.78%. On average, analysts forecast that S&P Global will post 11.1 earnings per share for the current fiscal year.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be paid a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.98%. The ex-dividend date is Friday, November 25th. S&P Global’s payout ratio is currently 28.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPGI. IFM Investors Pty Ltd grew its position in S&P Global by 69.9% during the first quarter. IFM Investors Pty Ltd now owns 54,102 shares of the business services provider’s stock worth $22,192,000 after buying an additional 22,251 shares in the last quarter. BCK Partners Inc. bought a new stake in shares of S&P Global in the 1st quarter worth approximately $1,969,000. Markel Corp grew its holdings in shares of S&P Global by 0.8% during the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after purchasing an additional 1,250 shares in the last quarter. Integrated Advisors Network LLC increased its position in shares of S&P Global by 29.7% during the first quarter. Integrated Advisors Network LLC now owns 1,506 shares of the business services provider’s stock valued at $618,000 after purchasing an additional 345 shares during the period. Finally, National Asset Management Inc. raised its stake in shares of S&P Global by 96.1% in the first quarter. National Asset Management Inc. now owns 3,110 shares of the business services provider’s stock valued at $1,276,000 after purchasing an additional 1,524 shares in the last quarter. Institutional investors own 88.15% of the company’s stock.

S&P Global Company Profile

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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