S&P Global (NYSE:SPGI) PT Lowered to $442.00

S&P Global (NYSE:SPGI) had its price objective dropped by analysts at Stifel Nicolaus from $460.00 to $442.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. Stifel Nicolaus’ price target indicates a potential upside of 7.14% from the company’s current price.

Several other research firms have also recently commented on SPGI. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research note on Monday, April 1st. Oppenheimer reissued an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Raymond James raised their price objective on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $462.00.

S&P Global Stock Down 0.2 %

SPGI stock opened at $412.56 on Thursday. 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 has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The firm’s 50-day simple moving average is $424.73 and its 200 day simple moving average is $415.57. The stock has a market cap of $132.13 billion, a PE ratio of 50.13, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.34% and a net margin of 21.02%. The firm’s revenue was up 7.3% on a year-over-year basis. During the same period last year, the business earned $2.54 EPS. As a group, sell-side analysts predict that S&P Global will post 14.08 EPS for the current year.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 28,796,066 shares of the business services provider’s stock worth $12,685,243,000 after purchasing an additional 339,097 shares during the period. Wellington Management Group LLP raised its position in S&P Global by 13.2% during the third quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after acquiring an additional 881,215 shares in the last quarter. Morgan Stanley raised its position in S&P Global by 8.2% during the third quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock valued at $2,067,807,000 after acquiring an additional 428,737 shares in the last quarter. Capital International Investors raised its position in S&P Global by 12.6% during the fourth quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock valued at $2,423,762,000 after acquiring an additional 616,732 shares in the last quarter. Finally, Norges Bank bought a new position in S&P Global during the fourth quarter valued at approximately $1,652,862,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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.