S&P Global (NYSE:SPGI - Get Free Report) had its price target boosted by research analysts at Oppenheimer from $480.00 to $482.00 in a report released on Friday, Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Oppenheimer's price target indicates a potential upside of 15.94% from the stock's previous close.
Several other research firms also recently weighed in on SPGI. BMO Capital Markets raised their price target on S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reaffirmed a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the company a "buy" rating in a research report on Friday. Finally, Barclays lifted their price objective on S&P Global from $500.00 to $520.00 and gave the company an "overweight" rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat, S&P Global presently has an average rating of "Moderate Buy" and an average price target of $462.60.
View Our Latest Stock Report on S&P Global
S&P Global Stock Performance
SPGI traded up $0.23 on Friday, hitting $415.73. 1,611,144 shares of the company traded hands, compared to its average volume of 1,361,431. The stock has a market capitalization of $133.14 billion, a PE ratio of 50.51, a PEG ratio of 2.32 and a beta of 1.15. The company has a 50 day moving average of $423.79 and a 200-day moving average of $417.41. S&P Global has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33.
S&P Global (NYSE:SPGI - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. Sell-side analysts anticipate that S&P Global will post 14.11 earnings per share for the current year.
Insider Buying and Selling at S&P Global
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business's stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares of the company's stock, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC lifted its stake in shares of S&P Global by 819.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider's stock worth $396,000 after acquiring an additional 967 shares in the last quarter. Boston Trust Walden Corp lifted its stake in shares of S&P Global by 5.8% in the third quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider's stock worth $1,301,000 after acquiring an additional 195 shares in the last quarter. Ballentine Partners LLC lifted its stake in shares of S&P Global by 3.6% in the third quarter. Ballentine Partners LLC now owns 3,939 shares of the business services provider's stock worth $1,439,000 after acquiring an additional 137 shares in the last quarter. Oak Harbor Wealth Partners LLC lifted its stake in shares of S&P Global by 5.6% in the third quarter. Oak Harbor Wealth Partners LLC now owns 1,747 shares of the business services provider's stock worth $638,000 after acquiring an additional 93 shares in the last quarter. Finally, Solidarity Wealth LLC acquired a new position in shares of S&P Global in the third quarter worth about $1,471,000. Institutional investors and hedge funds own 87.17% of the company's stock.
S&P Global Company Profile
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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.
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