S&P Global Inc. (NYSE:SPGI) Receives Average Recommendation of “Moderate Buy” from Analysts

S&P Global Inc. (NYSE:SPGI) has received a consensus recommendation of “Moderate Buy” from the fifteen brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $583.85.

Several brokerages have recently issued reports on SPGI. Stifel Nicolaus boosted their price target on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Barclays boosted their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. BMO Capital Markets dropped their price target on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. JPMorgan Chase & Co. reduced their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Finally, Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company.

Institutional Trading of S&P Global

A number of hedge funds and other institutional investors have recently modified their holdings of the company. GDS Wealth Management boosted its stake in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after buying an additional 1,801 shares in the last quarter. Nordea Investment Management AB lifted its holdings in S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after acquiring an additional 225,370 shares during the last quarter. Sanctuary Advisors LLC boosted its position in shares of S&P Global by 12.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $27,170,000. Finally, Pinnacle Financial Partners Inc grew its stake in shares of S&P Global by 3.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 47,705 shares of the business services provider’s stock worth $24,645,000 after purchasing an additional 1,806 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE SPGI opened at $495.82 on Thursday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $504.35 and its two-hundred day moving average price is $498.93. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. The stock has a market capitalization of $153.85 billion, a P/E ratio of 43.76, a P/E/G ratio of 2.53 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate 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 was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $3.21 EPS. As a group, sell-side analysts forecast that S&P Global will post 15.24 earnings per share for the current year.

S&P Global Company Profile

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.