S&P Global (NYSE:SPGI – Get Free Report)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a note issued to investors on Friday, Benzinga reports. They currently have a $500.00 price objective on the business services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 13.84% from the company’s current price.
Several other analysts have also recently commented on SPGI. BMO Capital Markets raised their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus boosted their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has a consensus rating of “Moderate Buy” and an average target price of $467.89.
Get Our Latest Stock Analysis on SPGI
S&P Global Trading Up 0.1 %
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Research analysts forecast that S&P Global will post 14.1 EPS for the current year.
Hedge Funds Weigh In On S&P Global
A number of institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in S&P Global in the 4th quarter valued at approximately $1,652,862,000. Wellington Management Group LLP increased its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock worth $2,769,787,000 after acquiring an additional 881,215 shares during the period. Swedbank AB bought a new stake in S&P Global in the 1st quarter valued at $351,774,000. Capital International Investors increased its holdings in shares of S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the period. Finally, Morgan Stanley raised its position in shares of S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
Recommended Stories
- Five stocks we like better than S&P Global
- How to Calculate Inflation Rate
- McDonald’s Stock: Balancing Value and Innovation
- How to Invest in Biotech Stocks
- MarketBeat Week in Review – 6/17 – 6/21
- Using the MarketBeat Dividend Yield Calculator
- Sarepta Therapeutics Stock Soars on FDA Approval
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.