S&P Global (NYSE:SPGI) Price Target Lowered to $580.00 at Oppenheimer

S&P Global (NYSE:SPGI) had its target price decreased by Oppenheimer from $590.00 to $580.00 in a report issued on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

SPGI has been the topic of a number of other reports. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. Stifel Nicolaus increased their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. JPMorgan Chase & Co. decreased their target price 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. Finally, Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $574.43.

S&P Global Stock Up 0.8 %

SPGI stock opened at $499.57 on Friday. The company has a market cap of $155.02 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 2.53 and a beta of 1.19. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The business’s 50-day moving average is $503.74 and its two-hundred day moving average is $496.87. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $533.29.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter in the prior year, the business earned $3.21 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts forecast that S&P Global will post 15.24 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. First National Corp MA ADV lifted its stake in shares of S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the last quarter. Kathleen S. Wright Associates Inc. boosted its stake in S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock worth $51,000 after buying an additional 20 shares during the period. Trust Point Inc. boosted its stake in S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock worth $725,000 after buying an additional 20 shares during the period. Headinvest LLC increased its position in S&P Global by 2.0% during the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after acquiring an additional 20 shares during the last quarter. Finally, EWA LLC lifted its holdings in shares of S&P Global by 4.2% in the 3rd quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after acquiring an additional 20 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

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.