S&P Global (NYSE:SPGI) Price Target Raised to $632.00 at Evercore ISI

S&P Global (NYSE:SPGI) had its target price boosted by equities research analysts at Evercore ISI from $629.00 to $632.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s price objective would indicate a potential upside of 17.59% from the company’s previous close.

A number of other brokerages have also recently weighed in on SPGI. Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a research report on Thursday, October 16th. The Goldman Sachs Group reiterated a “buy” rating and set a $640.00 price target on shares of S&P Global in a report on Tuesday, December 16th. Finally, Seaport Res Ptn upgraded shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $615.14.

S&P Global Stock Performance

Shares of SPGI opened at $537.48 on Thursday. The firm has a market cap of $162.75 billion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.52 and a beta of 1.21. The company’s fifty day moving average is $504.03 and its 200-day moving average is $516.05. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. Equities analysts expect that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Several hedge funds have recently modified their holdings of the business. Avantax Advisory Services Inc. grew its position in shares of S&P Global by 4.1% in the 2nd quarter. Avantax Advisory Services Inc. now owns 21,457 shares of the business services provider’s stock valued at $11,314,000 after purchasing an additional 850 shares during the period. Divergent Planning LLC bought a new position in S&P Global in the second quarter valued at approximately $303,000. Vanguard Group Inc. boosted its holdings in shares of S&P Global by 1.1% in the second quarter. Vanguard Group Inc. now owns 30,094,919 shares of the business services provider’s stock valued at $15,868,750,000 after buying an additional 315,916 shares during the period. Ninety One UK Ltd increased its position in shares of S&P Global by 0.8% during the second quarter. Ninety One UK Ltd now owns 928,559 shares of the business services provider’s stock worth $489,620,000 after acquiring an additional 7,553 shares in the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in shares of S&P Global by 4.4% during the third quarter. Asset Management One Co. Ltd. now owns 171,580 shares of the business services provider’s stock worth $83,510,000 after acquiring an additional 7,179 shares during the period. 87.17% of the stock is owned by institutional investors.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.