S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Morgan Stanley Analyst Says

S&P Global (NYSE:SPGI) had its price objective raised by research analysts at Morgan Stanley from $595.00 to $600.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s target price suggests a potential upside of 10.61% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. BMO Capital Markets increased their target price on S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. 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 research report on Monday, October 28th. Finally, Citigroup assumed coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 price target on the stock. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Price Performance

NYSE:SPGI opened at $542.44 on Wednesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock’s 50 day moving average price is $506.35 and its two-hundred day moving average price is $506.53. The firm has a market capitalization of $168.32 billion, a price-to-earnings ratio of 47.88, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global has a 12-month low of $407.69 and a 12-month high of $542.77.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period last year, the business earned $3.13 EPS. On average, analysts anticipate that S&P Global will post 15.34 earnings per share for the current year.

Institutional Investors Weigh In On S&P Global

Several hedge funds have recently modified their holdings of the company. Foster Dykema Cabot & Partners LLC boosted its holdings in shares of S&P Global by 57.3% during the 4th quarter. Foster Dykema Cabot & Partners LLC now owns 2,839 shares of the business services provider’s stock valued at $1,414,000 after acquiring an additional 1,034 shares in the last quarter. Global Endowment Management LP acquired a new stake in shares of S&P Global during the 4th quarter valued at $1,023,000. Zacks Investment Management boosted its holdings in shares of S&P Global by 22.5% during the 4th quarter. Zacks Investment Management now owns 638 shares of the business services provider’s stock valued at $318,000 after acquiring an additional 117 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of S&P Global by 88.6% during the 4th quarter. Marshall Wace LLP now owns 197,270 shares of the business services provider’s stock valued at $98,246,000 after acquiring an additional 92,650 shares in the last quarter. Finally, Acorns Advisers LLC acquired a new stake in shares of S&P Global during the 4th quarter valued at $205,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

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.