BMO Capital Markets Increases S&P Global (NYSE:SPGI) Price Target to $590.00

S&P Global (NYSE:SPGI) had its price target upped by equities research analysts at BMO Capital Markets from $576.00 to $590.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 10.26% from the stock’s current price.

Other research analysts have also issued reports about the company. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup started coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective on the stock. StockNews.com upgraded S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $587.92.

S&P Global Trading Up 0.7 %

Shares of NYSE SPGI traded up $3.61 on Thursday, reaching $535.12. 498,290 shares of the company traded hands, compared to its average volume of 1,314,175. The stock has a market capitalization of $166.05 billion, a PE ratio of 47.25, a P/E/G ratio of 2.39 and a beta of 1.20. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $542.00. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $506.35 and a 200 day moving average of $506.53.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same period in the prior year, the business earned $3.13 earnings per share. On average, equities research analysts forecast that S&P Global will post 15.34 earnings per share for the current fiscal year.

Institutional Trading of S&P Global

Several large investors have recently modified their holdings of SPGI. Northwest Investment Counselors LLC purchased a new position in S&P Global in the third quarter valued at about $27,000. First Personal Financial Services acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $29,000. Human Investing LLC purchased a new position in shares of S&P Global during the 4th quarter valued at approximately $30,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter worth approximately $31,000. Finally, Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter worth $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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.