S&P Global (NYSE:SPGI) Price Target Lowered to $442.00 at Stifel Nicolaus

S&P Global (NYSE:SPGI - Get Free Report) had its target price dropped by investment analysts at Stifel Nicolaus from $460.00 to $442.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the business services provider's stock. Stifel Nicolaus' price objective suggests a potential upside of 6.93% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Erste Group Bank restated a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. Raymond James boosted their price objective on shares of S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Barclays boosted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 2nd. Finally, Oppenheimer reiterated an "outperform" rating and issued a $480.00 price objective on shares of S&P Global in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $462.00.

S&P Global Stock Performance

Shares of S&P Global stock traded up $1.26 during trading on Thursday, reaching $413.37. The company's stock had a trading volume of 1,058,992 shares, compared to its average volume of 1,310,194. The company has a 50-day moving average price of $425.70 and a two-hundred day moving average price of $415.27. The firm has a market cap of $132.39 billion, a PE ratio of 49.93, a P/E/G ratio of 2.31 and a beta of 1.15. S&P Global has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business's quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.54 earnings per share. On average, analysts forecast that S&P Global will post 14.03 EPS for the current year.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were 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 approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company's stock.

Institutional Trading of S&P Global

A number of institutional investors and hedge funds have recently bought and sold shares of SPGI. Capital Advisors Ltd. LLC boosted its holdings in S&P Global by 3.5% in the 1st quarter. Capital Advisors Ltd. LLC now owns 765 shares of the business services provider's stock worth $326,000 after acquiring an additional 26 shares during the period. Oak Thistle LLC boosted its holdings in S&P Global by 4.6% in the 1st quarter. Oak Thistle LLC now owns 1,161 shares of the business services provider's stock worth $494,000 after acquiring an additional 51 shares during the period. Park Place Capital Corp boosted its holdings in S&P Global by 54.7% in the 1st quarter. Park Place Capital Corp now owns 1,083 shares of the business services provider's stock worth $461,000 after acquiring an additional 383 shares during the period. Claro Advisors LLC boosted its holdings in S&P Global by 9.8% in the 1st quarter. Claro Advisors LLC now owns 2,160 shares of the business services provider's stock worth $919,000 after acquiring an additional 192 shares during the period. Finally, MGO Private Wealth LLC purchased a new position in S&P Global in the 1st quarter worth approximately $217,000. Institutional investors and hedge funds 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.