S&P Global (NYSE:SPGI) Price Target Raised to $540.00

S&P Global (NYSE:SPGI) had its price objective increased by investment analysts at Oppenheimer from $486.00 to $540.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 10.54% from the company’s current price.

Other research analysts also recently issued reports about the stock. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Morgan Stanley raised their target price on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research note on Friday, July 5th. UBS Group lifted their target price on S&P Global from $505.00 to $555.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Stifel Nicolaus increased their price target on S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $499.90.

S&P Global Trading Down 0.3 %

NYSE:SPGI opened at $488.51 on Wednesday. The business’s 50-day moving average is $452.72 and its two-hundred day moving average is $437.76. The firm has a market capitalization of $152.85 billion, a PE ratio of 54.77, a price-to-earnings-growth ratio of 2.77 and a beta of 1.16. S&P Global has a 12 month low of $340.49 and a 12 month high of $502.95. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.12 earnings per share. Research analysts predict that S&P Global will post 14.3 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Private Wealth Management Group LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $26,000. Pineridge Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the period. Hobbs Group Advisors LLC bought a new position in shares of S&P Global during the second quarter worth about $31,000. Finally, First Pacific Financial increased its holdings in shares of S&P Global by 49.0% in the 2nd quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock worth $33,000 after acquiring an additional 24 shares during the period. 87.17% of the stock is currently owned by institutional investors.

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.