S&P Global (NYSE:SPGI) PT Raised to $570.00

S&P Global (NYSE:SPGI) had its target price increased by stock analysts at Morgan Stanley from $564.00 to $570.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 9.96% from the company’s previous close.

SPGI has been the topic of a number of other reports. UBS Group upped their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets upped their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer upped their target price on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Wells Fargo & Company raised S&P Global to a “strong-buy” rating in a research report on Tuesday, August 13th. Finally, Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus target price of $557.08.

S&P Global Price Performance

Shares of SPGI opened at $518.35 on Wednesday. S&P Global has a 52-week low of $340.49 and a 52-week high of $528.02. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The business’s 50 day moving average price is $505.20 and its two-hundred day moving average price is $462.17. The firm has a market cap of $162.19 billion, a PE ratio of 58.11, a price-to-earnings-growth ratio of 2.91 and a beta of 1.18.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same period in the previous year, the firm earned $3.12 earnings per share. The company’s revenue was up 14.4% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global will post 14.57 EPS for the current year.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the company’s stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the transaction, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Kelly sold 7,662 shares of the company’s stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $481.28, for a total value of $3,687,567.36. Following the completion of the transaction, the director now owns 15,830 shares of the company’s stock, valued at $7,618,662.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,862 shares of company stock worth $8,645,727 in the last quarter. 0.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPGI. Personal CFO Solutions LLC bought a new position in shares of S&P Global during the 4th quarter worth $217,000. Nomura Holdings Inc. grew its stake in shares of S&P Global by 605.7% during the 4th quarter. Nomura Holdings Inc. now owns 6,528 shares of the business services provider’s stock worth $2,876,000 after acquiring an additional 5,603 shares during the period. Jacobi Capital Management LLC lifted its holdings in S&P Global by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 2,640 shares of the business services provider’s stock worth $1,163,000 after purchasing an additional 49 shares in the last quarter. Point72 Europe London LLP purchased a new stake in S&P Global during the 4th quarter worth about $521,000. Finally, LM Advisors LLC purchased a new stake in S&P Global during the 4th quarter worth about $399,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.