S&P Global (NYSE:SPGI) Price Target Raised to $482.00

S&P Global (NYSE:SPGI) had its price objective raised by Oppenheimer from $480.00 to $482.00 in a report issued on Friday, Benzinga reports. The firm currently has an outperform rating on the business services provider’s stock.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reaffirmed an outperform rating and issued a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. BMO Capital Markets upped their price objective on S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a research note on Monday, April 1st. Stifel Nicolaus lifted their target price on S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a research note on Friday. Raymond James upped their price target on S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a research report on Tuesday, January 9th. Finally, Barclays lifted their price objective 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of Moderate Buy and a consensus target price of $462.60.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $415.33 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. The stock has a market cap of $129.96 billion, a PE ratio of 46.56, a price-to-earnings-growth ratio of 2.35 and a beta of 1.15. The stock’s fifty day simple moving average is $423.63 and its two-hundred day simple moving average is $418.41. S&P Global has a 1-year low of $340.49 and a 1-year high of $461.16.

S&P Global (NYSE:SPGI) last released 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. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The company had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. As a group, analysts forecast that S&P Global will post 14.03 EPS for the current fiscal year.

Insider Activity

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently modified their holdings of SPGI. Kathleen S. Wright Associates Inc. bought a new position in shares of S&P Global in the third quarter worth approximately $25,000. Private Wealth Management Group LLC purchased a new position in S&P Global in the 4th quarter worth approximately $26,000. Pineridge Advisors LLC bought a new position in shares of S&P Global in the 4th quarter worth $26,000. Valued Wealth Advisors LLC purchased a new stake in shares of S&P Global during the 4th quarter valued at $28,000. Finally, Oliver Lagore Vanvalin Investment Group raised its position in shares of 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. Hedge funds and other 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.