S&P Global Inc. (NYSE:SPGI) Given Average Rating of “Moderate Buy” by Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have earned an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $583.85.

SPGI has been the topic of a number of analyst reports. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Barclays increased their price objective on S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Oppenheimer cut their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. UBS Group raised their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JPMorgan Chase & Co. cut their price objective 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.

Hedge Funds Weigh In On S&P Global

A number of institutional investors have recently made changes to their positions in SPGI. GDS Wealth Management raised its stake in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after acquiring an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in S&P Global during the third quarter worth $27,170,000. Finally, Pinnacle Financial Partners Inc boosted its holdings in S&P Global by 3.9% in the third quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after purchasing an additional 1,806 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Stock Up 0.9 %

SPGI opened at $495.82 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a market capitalization of $153.85 billion, a P/E ratio of 43.76, a P/E/G ratio of 2.53 and a beta of 1.20. The business has a 50 day simple moving average of $504.35 and a 200-day simple moving average of $498.93.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $3.43 billion. During the same quarter last year, the business earned $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that S&P Global will post 15.24 earnings per share for the current fiscal year.

S&P Global Company Profile

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.