Stifel Nicolaus Cuts S&P Global (NYSE:SPGI) Price Target to $442.00

S&P Global (NYSE:SPGI) had its price objective decreased by equities research analysts at Stifel Nicolaus from $460.00 to $442.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 7.48% from the company’s current price.

Several other analysts also recently commented on the stock. BMO Capital Markets increased their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Oppenheimer restated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Raymond James upped their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.00.

S&P Global Stock Down 0.2 %

Shares of SPGI stock traded down $0.88 during mid-day trading on Thursday, reaching $411.23. 491,540 shares of the company’s stock traded hands, compared to its average volume of 1,301,046. The company’s 50-day moving average price is $425.70 and its 200-day moving average price is $415.27. The company has a market cap of $131.70 billion, a P/E ratio of 49.93, a P/E/G ratio of 2.31 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global has a 12 month low of $338.92 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.54 earnings per share. On average, equities analysts expect that S&P Global will post 14.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On S&P Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kathleen S. Wright Associates Inc. bought a new stake in S&P Global during the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC purchased a new stake in S&P Global during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC purchased a new stake in S&P Global during the 4th quarter valued at approximately $26,000. Valued Wealth Advisors LLC purchased a new stake in S&P Global during the 4th quarter valued at approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group grew its holdings in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares in 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.