S&P Global (NYSE:SPGI) Coverage Initiated by Analysts at Mizuho

Stock analysts at Mizuho started coverage on shares of S&P Global (NYSE:SPGI) in a report issued on Wednesday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $599.00 price target on the business services provider’s stock. Mizuho’s target price would indicate a potential upside of 24.66% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. StockNews.com cut S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Wells Fargo & Company upped their price target on S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $590.86.

S&P Global Stock Down 1.6 %

NYSE SPGI opened at $480.51 on Wednesday. The stock has a market cap of $147.90 billion, a PE ratio of 38.91, a P/E/G ratio of 2.41 and a beta of 1.20. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The business has a 50 day moving average price of $514.52 and a two-hundred day moving average price of $511.46. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the previous year, the company posted $3.13 earnings per share. As a group, sell-side analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Minot DeBlois Advisors LLC acquired a new stake in S&P Global during the 4th quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the fourth quarter worth $27,000. Human Investing LLC acquired a new position in shares of S&P Global in the fourth quarter worth $30,000. Noble Wealth Management PBC acquired a new position in shares of S&P Global in the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. increased its stake in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after acquiring an additional 38 shares during the last quarter. 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.