S&P Global (NYSE:SPGI) Price Target Raised to $446.00 at Stifel Nicolaus

S&P Global (NYSE:SPGI) had its target price raised by Stifel Nicolaus from $442.00 to $446.00 in a report released on Friday, Benzinga reports. They currently have a buy rating on the business services provider’s stock.

SPGI has been the subject of several other reports. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. Raymond James upped their target price on S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a report on Tuesday, January 9th. BMO Capital Markets increased their price objective on S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a report on Monday, April 1st. Finally, Oppenheimer reissued an outperform rating and issued a $480.00 price objective on shares of S&P Global in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Moderate Buy and a consensus target price of $462.60.

S&P Global Stock Up 0.1 %

Shares of S&P Global stock opened at $415.73 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The firm has a market cap of $133.14 billion, a P/E ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The business has a 50-day moving average price of $423.79 and a 200 day moving average price of $417.41.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, sell-side analysts forecast that S&P Global will post 13.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On S&P Global

Large investors have recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in shares of S&P Global by 819.5% in the third quarter. Exchange Traded Concepts LLC now owns 1,085 shares of the business services provider’s stock worth $396,000 after buying an additional 967 shares during the period. Boston Trust Walden Corp boosted its position in shares of S&P Global by 5.8% in the third quarter. Boston Trust Walden Corp now owns 3,560 shares of the business services provider’s stock worth $1,301,000 after buying an additional 195 shares during the period. Ballentine Partners LLC boosted its position in shares of S&P Global by 3.6% in the third quarter. Ballentine Partners LLC now owns 3,939 shares of the business services provider’s stock worth $1,439,000 after buying an additional 137 shares during the period. Oak Harbor Wealth Partners LLC boosted its position in shares of S&P Global by 5.6% in the third quarter. Oak Harbor Wealth Partners LLC now owns 1,747 shares of the business services provider’s stock worth $638,000 after buying an additional 93 shares during the period. Finally, Solidarity Wealth LLC acquired a new stake in shares of S&P Global in the third quarter worth $1,471,000. 87.17% of the stock is owned by institutional investors.

About S&P Global

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.