S&P Global (NYSE:SPGI) Price Target Raised to $446.00

S&P Global (NYSE:SPGI) had its price objective boosted by research analysts at Stifel Nicolaus from $442.00 to $446.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 7.07% from the stock’s previous close.

A number of other research firms also recently weighed in on SPGI. BMO Capital Markets raised their target price 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. Raymond James lifted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $462.40.

S&P Global Stock Up 0.3 %

Shares of NYSE:SPGI traded up $1.05 during midday trading on Friday, reaching $416.55. 453,286 shares of the company were exchanged, compared to its average volume of 1,347,139. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a fifty day simple moving average of $423.95 and a two-hundred day simple moving average of $417.07. The firm has a market cap of $133.40 billion, a PE ratio of 50.53, a P/E/G ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. As a group, sell-side analysts forecast that S&P Global will post 14.11 earnings per share for the current year.

Insider Transactions at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sumitomo Life Insurance Co. increased its holdings in S&P Global by 30.5% during the first quarter. Sumitomo Life Insurance Co. now owns 18,869 shares of the business services provider’s stock worth $7,793,000 after buying an additional 4,413 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new stake in S&P Global during the first quarter worth about $560,000. Verdence Capital Advisors LLC increased its holdings in S&P Global by 4.6% during the first quarter. Verdence Capital Advisors LLC now owns 1,422 shares of the business services provider’s stock worth $605,000 after buying an additional 63 shares during the last quarter. Bogart Wealth LLC increased its holdings in S&P Global by 73.9% during the first quarter. Bogart Wealth LLC now owns 19,059 shares of the business services provider’s stock worth $8,109,000 after buying an additional 8,101 shares during the last quarter. Finally, Lindbrook Capital LLC increased its holdings in S&P Global by 1.8% during the first quarter. Lindbrook Capital LLC now owns 2,171 shares of the business services provider’s stock worth $924,000 after buying an additional 39 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

S&P Global Company Profile

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.