S&P Global (NYSE:SPGI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

S&P Global (NYSE:SPGI) had its price target increased by investment analysts at BMO Capital Markets from $564.00 to $576.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target would suggest a potential upside of 13.45% from the stock’s current price.

Other analysts have also recently issued reports about the company. Stifel Nicolaus raised their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research note on Friday, January 10th. Raymond James lowered S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Finally, Oppenheimer reduced their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $5.87 on Tuesday, reaching $507.73. The company’s stock had a trading volume of 222,749 shares, compared to its average volume of 1,331,191. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. The stock’s 50-day moving average is $504.64 and its two-hundred day moving average is $501.86. The stock has a market capitalization of $157.55 billion, a P/E ratio of 44.77, a PEG ratio of 2.30 and a beta of 1.20.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $3.21 EPS. As a group, sell-side analysts forecast that S&P Global will post 15.3 EPS for the current year.

Institutional Investors Weigh In On S&P Global

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after purchasing an additional 466,757 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in S&P Global in the 3rd quarter worth about $224,976,000. FMR LLC raised its stake in S&P Global by 6.6% during the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider’s stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the period. Ameriprise Financial Inc. grew its holdings in shares of S&P Global by 13.5% during the second quarter. Ameriprise Financial Inc. now owns 2,516,811 shares of the business services provider’s stock valued at $1,115,697,000 after buying an additional 298,645 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock valued at $4,581,580,000 after buying an additional 292,436 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Company Profile

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.