S&P Global Inc. (NYSE:SPGI) Receives $583.85 Consensus Target Price from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $583.62.

A number of equities analysts recently commented on SPGI shares. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective on the stock. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Finally, BMO Capital Markets lowered their target price on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Private Advisor Group LLC increased its position in S&P Global by 30.9% during the second quarter. Private Advisor Group LLC now owns 7,850 shares of the business services provider’s stock worth $3,501,000 after acquiring an additional 1,853 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of S&P Global during the 2nd quarter worth about $50,000. Sachetta LLC raised its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Andra AP fonden bought a new stake in shares of S&P Global in the second quarter valued at about $1,210,000. Finally, Daiwa Securities Group Inc. grew its position in S&P Global by 10.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,789 shares of the business services provider’s stock worth $16,854,000 after buying an additional 3,503 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Trading Up 2.6 %

S&P Global stock opened at $497.00 on Thursday. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $154.22 billion, a P/E ratio of 43.87, a P/E/G ratio of 2.22 and a beta of 1.20. The company’s fifty day simple moving average is $504.46 and its 200-day simple moving average is $500.38.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the firm earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts forecast that S&P Global will post 15.25 EPS for the current fiscal year.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.