S&P Global (NYSE:SPGI) PT Raised to $560.00

S&P Global (NYSE:SPGI) had its price target hoisted by research analysts at Stifel Nicolaus from $540.00 to $560.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target suggests a potential upside of 15.09% from the stock’s previous close.

A number of other research firms have also issued reports on SPGI. Evercore ISI initiated coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Bank of America lifted their price objective on shares of S&P Global from $530.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, Raymond James lowered shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Price Performance

SPGI opened at $486.58 on Monday. The stock has a market capitalization of $152.25 billion, a PE ratio of 54.55, a P/E/G ratio of 2.76 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. S&P Global has a 1 year low of $340.49 and a 1 year high of $533.29. The company’s 50 day simple moving average is $513.42 and its 200 day simple moving average is $472.08.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 earnings per share. As a group, sell-side analysts expect that S&P Global will post 14.79 EPS for the current year.

Insider Buying and Selling at S&P Global

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

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently modified their holdings of SPGI. Swedbank AB acquired a new position in shares of S&P Global during the first quarter valued at $351,774,000. International Assets Investment Management LLC boosted its holdings in shares of S&P Global by 174,815.4% during the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after acquiring an additional 466,757 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of S&P Global by 352.2% during the second quarter. Assenagon Asset Management S.A. now owns 463,383 shares of the business services provider’s stock valued at $206,669,000 after acquiring an additional 360,909 shares during the period. Third Point LLC acquired a new position in shares of S&P Global during the first quarter valued at $142,526,000. Finally, Ameriprise Financial Inc. lifted its holdings in S&P Global by 13.5% in the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after purchasing an additional 298,645 shares during the period. Institutional investors and hedge funds 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.