Analysts Set S&P Global Inc. (NYSE:SPGI) Price Target at $583.85

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

Several analysts have issued reports on the company. UBS Group increased their target price on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus increased their target price on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Finally, Evercore ISI assumed coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company.

S&P Global Stock Down 0.1 %

Shares of NYSE:SPGI opened at $482.16 on Thursday. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market cap of $149.61 billion, a P/E ratio of 42.56, a price-to-earnings-growth ratio of 2.53 and a beta of 1.20. The business’s 50 day moving average is $504.58 and its 200 day moving average is $500.12. 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 (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.21 EPS. Sell-side analysts predict that S&P Global will post 15.24 EPS for the current year.

Hedge Funds Weigh In On S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of S&P Global by 30.9% during the 2nd quarter. Private Advisor Group LLC now owns 7,850 shares of the business services provider’s stock valued at $3,501,000 after buying an additional 1,853 shares during the last quarter. Strategic Financial Concepts LLC purchased a new position in shares of S&P Global during the 2nd quarter valued at about $50,000. Sachetta LLC raised its stake in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares during the last quarter. Andra AP fonden purchased a new position in shares of S&P Global during the 2nd quarter valued at about $1,210,000. Finally, Daiwa Securities Group Inc. raised its stake in shares of S&P Global by 10.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 37,789 shares of the business services provider’s stock valued at $16,854,000 after buying an additional 3,503 shares during 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 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.