S&P Global Inc. (NYSE:SPGI) Receives $614.93 Average Price Target from Brokerages

S&P Global Inc. (NYSE:SPGI) has been given a consensus recommendation of “Buy” by the eighteen research firms that are currently covering the firm, Marketbeat.com reports. Sixteen research analysts have rated the stock with a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $614.9286.

Several research analysts have recently commented on SPGI shares. William Blair reiterated an “outperform” rating on shares of S&P Global in a report on Monday, November 17th. BMO Capital Markets set a $546.00 price objective on shares of S&P Global in a research report on Friday, November 14th. Evercore ISI lifted their target price on shares of S&P Global from $619.00 to $629.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a report on Friday, September 19th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a report on Wednesday, October 1st.

Hedge Funds Weigh In On S&P Global

Large investors have recently modified their holdings of the business. Norges Bank acquired a new stake in shares of S&P Global during the 2nd quarter worth about $2,188,945,000. Valeo Financial Advisors LLC lifted its position in S&P Global by 70,734.1% in the second quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after buying an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in S&P Global by 3,430.6% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after buying an additional 1,510,540 shares during the period. TCI Fund Management Ltd. boosted its stake in S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the period. Finally, Mizuho Markets Americas LLC increased its position in shares of S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after acquiring an additional 595,059 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Price Performance

SPGI stock opened at $529.41 on Thursday. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market capitalization of $160.30 billion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.75 and a beta of 1.19. The business has a 50 day simple moving average of $497.05 and a 200-day simple moving average of $514.73.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The company had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. Equities research analysts anticipate that S&P Global will post 17.11 earnings per share for the current fiscal year.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.