S&P Global (NYSE:SPGI – Get Free Report) had its target price hoisted by equities researchers at Barclays from $553.00 to $572.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Barclays‘s price target suggests a potential upside of 20.46% from the company’s current price.
Several other research analysts also recently issued reports on SPGI. UBS Group cut their price target on S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research note on Tuesday, July 7th. Stifel Nicolaus increased their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Mizuho dropped their target price on shares of S&P Global from $554.00 to $531.00 and set an “outperform” rating for the company in a report on Monday, October 5th. Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a research report on Saturday, September 5th. Finally, Citigroup upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company a “buy” rating in a report on Wednesday, October 28th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $523.35.
View Our Latest Analysis on S&P Global
S&P Global Price Performance
NYSE SPGI traded up $8.31 during mid-day trading on Monday, hitting $474.86. The stock had a trading volume of 1,512,101 shares, compared to its average volume of 2,195,174. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. The company has a market cap of $137.66 billion, a price-to-earnings ratio of 28.32, a P/E/G ratio of 2.21 and a beta of 1.09. The company has a 50 day simple moving average of $421.62 and a 200 day simple moving average of $431.64. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.54.
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.15. The firm had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.64 billion. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. S&P Global’s revenue was up 6.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.73 earnings per share. Equities analysts forecast that S&P Global will post 17.89 EPS for the current fiscal year.
Institutional Trading of S&P Global
Several institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of S&P Global by 2.2% during the second quarter. State Street Corp now owns 14,482,789 shares of the business services provider’s stock worth $5,898,261,000 after buying an additional 307,255 shares in the last quarter. Unisphere Establishment lifted its stake in shares of S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider’s stock valued at $905,995,000 after buying an additional 130,050 shares during the period. Bank of America Corp DE purchased a new position in shares of S&P Global during the second quarter valued at approximately $865,892,000. Soroban Capital Partners LP boosted its position in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. Finally, EdgePoint Investment Group Inc. acquired a new stake in S&P Global during the first quarter worth approximately $702,911,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.
About S&P Global
S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.
The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.
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