S&P Global's (SPGI) "Outperform" Rating Reiterated at Oppenheimer

S&P Global (NYSE:SPGI - Get Free Report)'s stock had its "outperform" rating restated by stock analysts at Oppenheimer in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $480.00 price target on the business services provider's stock. Oppenheimer's target price would suggest a potential upside of 12.61% from the stock's previous close.

Several other research analysts have also recently weighed in on SPGI. Raymond James upped their price target on shares of S&P Global from $422.00 to $452.00 and gave the company an "outperform" rating in a report on Tuesday, January 9th. BMO Capital Markets upped their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an "outperform" rating in a report on Monday. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $464.22.

S&P Global Trading Down 0.2 %

Shares of SPGI traded down $0.83 on Tuesday, reaching $426.26. 1,409,059 shares of the company's stock were exchanged, compared to its average volume of 1,354,247. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $136.51 billion, a P/E ratio of 51.49, a price-to-earnings-growth ratio of 2.43 and a beta of 1.15. The business has a 50 day moving average price of $432.50 and a two-hundred day moving average price of $411.52. S&P Global has a 12 month low of $329.46 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. During the same period in the previous year, the company posted $2.54 EPS. The firm's revenue for the quarter was up 7.3% on a year-over-year basis. Research analysts anticipate that S&P Global will post 14 earnings per share for the current year.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company's stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.10% of the company's stock.

Institutional Trading of S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. Private Wealth Management Group LLC acquired a new stake in S&P Global in the 4th quarter worth about $26,000. Pineridge Advisors LLC acquired a new stake in S&P Global in the 4th quarter worth about $26,000. Valued Wealth Advisors LLC acquired a new stake in S&P Global in the 4th quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group raised its position in shares of S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider's stock valued at $28,000 after buying an additional 25 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of S&P Global in the 3rd quarter valued at approximately $25,000. 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, and S&P Dow Jones Indices segments.