BMO Capital Markets Issues Positive Forecast for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI) had its price objective hoisted by BMO Capital Markets from $564.00 to $576.00 in a report published on Tuesday,Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

SPGI has been the topic of several other reports. Citigroup started coverage on shares of S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Raymond James downgraded shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price target on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a report on Monday, October 28th. Two investment 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, S&P Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $584.54.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $509.79 on Tuesday. 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 1 year low of $407.69 and a 1 year high of $533.29. The firm has a fifty day moving average price of $504.64 and a 200-day moving average price of $501.86. The stock has a market cap of $158.19 billion, a PE ratio of 45.00, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20.

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 the consensus estimate 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 25.80% and a return on equity of 13.72%. The company’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $3.21 earnings per share. Equities analysts anticipate that S&P Global will post 15.3 earnings per share for the current fiscal year.

Institutional Trading of S&P Global

A number of institutional investors have recently made changes to their positions in SPGI. HWG Holdings LP purchased a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global in the 3rd quarter valued at $27,000. First Personal Financial Services acquired a new stake in S&P Global during the 3rd quarter worth about $29,000. Capital Performance Advisors LLP purchased a new stake in S&P Global during the 3rd quarter valued at about $31,000. Finally, Voisard Asset Management Group Inc. boosted its position in S&P Global by 77.1% in the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after buying an additional 27 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.