Analysts Set S&P Global Inc. (NYSE:SPGI) PT at $583.85

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average rating of “Moderate Buy” by the fifteen research firms that are covering the company, Marketbeat reports. Two equities research 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 brokerages that have issued ratings on the stock in the last year is $583.62.

SPGI has been the subject of several research reports. Robert W. Baird upped their price target on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 target price for the company. Morgan Stanley lifted their price target on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Stifel Nicolaus upped their price objective on S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company dropped their price objective on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday.

Hedge Funds Weigh In On S&P Global

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC grew its stake in S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of S&P Global during the third quarter worth about $224,976,000. FMR LLC boosted its position in S&P Global by 6.6% in the third quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after buying an additional 369,598 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in S&P Global by 13.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock worth $1,115,697,000 after buying an additional 298,645 shares during the period. Finally, Wellington Management Group LLP raised its position in S&P Global by 3.4% during the 3rd quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

S&P Global Price Performance

SPGI stock opened at $483.17 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29. The stock has a market cap of $149.93 billion, a PE ratio of 42.65, a P/E/G ratio of 2.53 and a beta of 1.20. The company has a 50-day moving average price of $504.66 and a 200 day moving average price of $499.52.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results 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 return on equity of 13.72% and a net margin of 25.80%. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same quarter last year, the firm posted $3.21 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts anticipate that S&P Global will post 15.24 earnings per share for the current year.

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.