S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving
S&P 500   3,998.84
DOW   33,947.10
QQQ   287.64
All the Cloud Storage You Need Is on Sale for the Holidays
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Tesla Shares Are Sliding, Here’s Why
Is Big Lots the Next Bed Bath & Beyond Disaster in the Making?
Market Wizard who made $95 million for his clients in 2008 – and predicted the 2022 collapse (Ad)
Lockheed teams with Israel's Rafael on laser defense
Russian oil price cap, EU ban aim to limit Kremlin war chest
The single greatest medical breakthrough of all time? (Ad)
World Cup fans find booze at hotels, Qatar's 1 liquor store
3 Signs the Stock Market Outlook is Improving

S&P Global (NYSE:SPGI) PT Raised to $378.00

S&P Global (NYSE:SPGI - Get Rating) had its price objective hoisted by research analysts at Morgan Stanley from $354.00 to $378.00 in a research report issued on Thursday, Stock Target Advisor reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Morgan Stanley's price objective points to a potential upside of 9.50% from the company's current price.

SPGI has been the subject of several other research reports. Oppenheimer upped their target price on shares of S&P Global to $390.00 in a research report on Tuesday, November 1st. Stifel Nicolaus reduced their price target on shares of S&P Global from $403.00 to $366.00 and set a "buy" rating for the company in a research note on Wednesday, October 12th. Raymond James reduced their price target on shares of S&P Global from $402.00 to $398.00 and set an "outperform" rating for the company in a research note on Friday, October 28th. Atlantic Securities raised shares of S&P Global from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $356.00 to $386.00 in a research note on Monday, November 7th. Finally, StockNews.com began coverage on shares of S&P Global in a research note on Wednesday, October 12th. They issued a "hold" rating for the company. One investment analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $388.69.

S&P Global Stock Performance


Shares of NYSE:SPGI traded down $8.46 during trading on Thursday, reaching $345.21. 12,120 shares of the company's stock traded hands, compared to its average volume of 1,791,927. S&P Global has a 12 month low of $279.32 and a 12 month high of $484.21. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $112.47 billion, a P/E ratio of 28.91, a price-to-earnings-growth ratio of 2.66 and a beta of 1.06. The company has a 50 day moving average of $322.20 and a 200-day moving average of $341.54.

S&P Global (NYSE:SPGI - Get Rating) last posted its earnings results on Thursday, October 27th. The business services provider reported $2.93 EPS for the quarter, topping the consensus estimate of $2.79 by $0.14. S&P Global had a net margin of 33.78% and a return on equity of 12.47%. The firm had revenue of $2.86 billion during the quarter, compared to analysts' expectations of $2.91 billion. On average, equities analysts expect that S&P Global will post 11.1 EPS for the current year.

Institutional Investors Weigh In On S&P Global

Several hedge funds have recently made changes to their positions in SPGI. Vanguard Group Inc. increased its stake in S&P Global by 44.5% in the 1st quarter. Vanguard Group Inc. now owns 29,370,454 shares of the business services provider's stock valued at $12,047,173,000 after buying an additional 9,042,302 shares during the period. BlackRock Inc. increased its stake in S&P Global by 43.8% in the 1st quarter. BlackRock Inc. now owns 27,047,127 shares of the business services provider's stock valued at $11,094,191,000 after buying an additional 8,234,255 shares during the period. Bishop Rock Capital L.P. increased its stake in S&P Global by 15,444.3% in the 2nd quarter. Bishop Rock Capital L.P. now owns 5,570,928 shares of the business services provider's stock valued at $16,528,000 after buying an additional 5,535,089 shares during the period. State Street Corp increased its stake in S&P Global by 45.0% in the 1st quarter. State Street Corp now owns 16,352,445 shares of the business services provider's stock valued at $6,707,446,000 after buying an additional 5,078,366 shares during the period. Finally, TCI Fund Management Ltd. increased its stake in S&P Global by 82.1% in the 1st quarter. TCI Fund Management Ltd. now owns 6,823,072 shares of the business services provider's stock valued at $2,798,688,000 after buying an additional 3,075,788 shares during the period. Hedge funds and other institutional investors own 88.15% of the company's stock.

S&P Global Company Profile

(Get Rating)

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

Further Reading

Stock Target Advisor logo

Analyst Recommendations for S&P Global (NYSE:SPGI)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should you invest $1,000 in S&P Global right now?

Before you consider S&P Global, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and S&P Global wasn't on the list.

While S&P Global currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here