S&P Global’s (SPGI) Outperform Rating Reiterated at William Blair

S&P Global (NYSE:SPGI)‘s stock had its “outperform” rating restated by equities researchers at William Blair in a report issued on Monday,RTT News reports.

SPGI has been the subject of several other reports. Stifel Nicolaus lowered their price objective on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a report on Wednesday, October 8th. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a report on Monday, September 15th. Finally, BMO Capital Markets set a $546.00 price objective on S&P Global in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating and fifteen have assigned a Buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $613.00.

S&P Global Trading Down 1.1%

Shares of SPGI stock traded down $5.53 on Monday, reaching $488.37. 1,880,242 shares of the company’s stock were exchanged, compared to its average volume of 1,368,787. The company’s fifty day simple moving average is $496.44 and its 200 day simple moving average is $517.12. The stock has a market capitalization of $147.88 billion, a PE ratio of 37.57, a P/E/G ratio of 2.50 and a beta of 1.17. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI) last released its earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, analysts forecast that S&P Global will post 17.11 EPS for the current year.

Institutional Trading of S&P Global

Several large investors have recently added to or reduced their stakes in SPGI. Cheviot Value Management LLC acquired a new position in shares of S&P Global in the first quarter worth about $26,000. Costello Asset Management INC acquired a new stake in S&P Global in the 1st quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in S&P Global in the 2nd quarter worth $26,000. MTM Investment Management LLC acquired a new position in S&P Global during the second quarter worth $27,000. Finally, J.Safra Asset Management Corp purchased a new position in S&P Global during the third quarter valued at $29,000. Hedge funds and other 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.