S&P Global Inc. (NYSE:SPGI) Receives $583.85 Consensus Target Price from Analysts

S&P Global Inc. (NYSE:SPGI) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $583.62.

SPGI has been the subject of several recent analyst reports. Stifel Nicolaus lifted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. BMO Capital Markets lowered their price objective on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. AAFMAA Wealth Management & Trust LLC lifted its holdings in S&P Global by 3.8% in the fourth quarter. AAFMAA Wealth Management & Trust LLC now owns 3,724 shares of the business services provider’s stock valued at $1,855,000 after acquiring an additional 137 shares during the last quarter. Cullen Investment Group LTD. lifted its holdings in S&P Global by 1.7% in the fourth quarter. Cullen Investment Group LTD. now owns 3,807 shares of the business services provider’s stock valued at $1,896,000 after acquiring an additional 65 shares during the last quarter. Traveka Wealth LLC lifted its holdings in S&P Global by 11.6% in the fourth quarter. Traveka Wealth LLC now owns 751 shares of the business services provider’s stock valued at $374,000 after acquiring an additional 78 shares during the last quarter. PFW Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $203,000. Finally, Miracle Mile Advisors LLC lifted its holdings in S&P Global by 50.0% in the fourth quarter. Miracle Mile Advisors LLC now owns 21,496 shares of the business services provider’s stock valued at $10,705,000 after acquiring an additional 7,170 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Price Performance

Shares of S&P Global stock opened at $482.16 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a twelve month low of $407.69 and a twelve month high of $533.29. The business has a 50-day moving average price of $504.58 and a 200 day moving average price of $500.12. The firm has a market cap of $149.61 billion, a PE ratio of 42.56, a P/E/G ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share 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 during the quarter, compared to analyst estimates of $3.43 billion. During the same quarter in the previous year, the business earned $3.21 EPS. S&P Global’s revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts predict that S&P Global will post 15.24 earnings per share for the current fiscal year.

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.