Evercore ISI Forecasts Strong Price Appreciation for S&P Global (NYSE:SPGI) Stock

S&P Global (NYSE:SPGI) had its target price lifted by equities researchers at Evercore ISI from $599.00 to $608.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s target price suggests a potential upside of 12.09% from the stock’s previous close.

Several other equities research analysts also recently commented on SPGI. Robert W. Baird upped their target price on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. BMO Capital Markets upped their target price on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. reduced their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Finally, UBS Group increased their price objective 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. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $587.92.

S&P Global Trading Up 2.1 %

Shares of S&P Global stock 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 firm has a market cap of $168.32 billion, a price-to-earnings ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. The business has a fifty day simple moving average of $506.35 and a 200-day simple moving average of $506.53. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $542.77.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share 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 earnings per share. On average, equities analysts forecast that S&P Global will post 15.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB increased its position in 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 worth $328,632,000 after purchasing an additional 225,370 shares during the last quarter. GDS Wealth Management increased its holdings in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after acquiring an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC increased its holdings 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 during the last quarter. Eastern Bank increased its holdings in shares of S&P Global by 3.1% during the 4th quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock valued at $24,980,000 after acquiring an additional 1,530 shares during the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global during the 3rd quarter valued at about $27,170,000. 87.17% of the stock is owned by institutional investors and hedge funds.

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.