S&P Global (NYSE:SPGI) Rating Reiterated by Royal Bank of Canada

S&P Global (NYSE:SPGI)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank of Canada in a report issued on Friday, Benzinga reports. They presently have a $500.00 price target on the business services provider’s stock. Royal Bank of Canada’s price target points to a potential upside of 13.84% from the stock’s previous close.

A number of other equities research analysts have also commented on SPGI. 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 research report on Friday, April 26th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets boosted their target price 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. Finally, Oppenheimer increased their price target on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $467.89.

S&P Global Stock Up 0.1 %

Shares of NYSE SPGI opened at $439.22 on Friday. The firm has a market cap of $137.43 billion, a PE ratio of 49.24, a P/E/G ratio of 2.44 and a beta of 1.15. The company’s fifty day simple moving average is $427.84 and its 200 day simple moving average is $430.81. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global has a 12-month low of $340.49 and a 12-month high of $461.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. As a group, sell-side analysts forecast that S&P Global will post 14.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the stock. D.B. Root & Company LLC grew its position in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares during the last quarter. Mayflower Financial Advisors LLC boosted its position in S&P Global by 3.3% during the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after buying an additional 23 shares during the period. Allworth Financial LP increased its holdings in shares of S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after buying an additional 24 shares during the period. Oakworth Capital Inc. lifted its stake in shares of S&P Global by 31.2% in the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock valued at $44,000 after acquiring an additional 24 shares during the last quarter. Finally, Independence Bank of Kentucky boosted its holdings in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.