S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Evercore ISI Analyst Says

Key Points

• Evercore ISI analysts have raised their price target for S&P Global from $613 to $619, suggesting a potential upside of 28.04% from the current stock price.
• Other analysts, including JPMorgan and Citigroup, have also increased their price targets, indicating a strong consensus of positive sentiment towards S&P Global.
• S&P Global shares are currently trading at $483.45, with a market capitalization of $147.60 billion and a forecasted earnings per share (EPS) of 17.11 for the fiscal year.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective lifted by stock analysts at Evercore ISI from $613.00 to $619.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the business services provider's stock. Evercore ISI's price target indicates a potential upside of 28.04% from the stock's current price.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. lifted their price objective on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. Wells Fargo & Company raised their target price on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Weiss Ratings reiterated a "buy (b)" rating on shares of S&P Global in a research report on Wednesday, October 8th. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research report on Monday, September 15th. Finally, BMO Capital Markets lifted their price target on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $615.69.

S&P Global Trading Up 0.9%

Shares of S&P Global stock traded up $4.11 on Tuesday, reaching $483.45. 151,319 shares of the company's stock were exchanged, compared to its average volume of 1,322,148. The company has a market capitalization of $147.60 billion, a P/E ratio of 37.25, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. S&P Global has a 52 week low of $427.14 and a 52 week high of $579.05. The firm's 50-day moving average is $528.26 and its two-hundred day moving average is $514.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company had revenue of $1.87 billion for the quarter. Sell-side analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently made changes to their positions in the business. Divergent Planning LLC bought a new position in S&P Global during the second quarter valued at approximately $303,000. Dynamic Advisor Solutions LLC lifted its stake in shares of S&P Global by 6.3% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 12,456 shares of the business services provider's stock valued at $6,568,000 after purchasing an additional 733 shares during the last quarter. SCS Capital Management LLC purchased a new stake in S&P Global during the 1st quarter valued at $240,000. Foster Victor Wealth Advisors LLC raised its holdings in S&P Global by 4.6% during the 2nd quarter. Foster Victor Wealth Advisors LLC now owns 31,323 shares of the business services provider's stock valued at $16,562,000 after buying an additional 1,383 shares during the period. Finally, Caxton Associates LLP purchased a new stake in S&P Global during the 1st quarter valued at $386,000. Institutional investors own 87.17% of the company's stock.

About S&P Global

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.

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