S&P Global (NYSE:SPGI) PT 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 morning, Benzinga reports. Stifel Nicolaus currently has a buy rating on the business services provider’s stock.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada restated an outperform rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Oppenheimer restated an outperform rating and set a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. BMO Capital Markets boosted their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a report on Monday, April 1st. Raymond James boosted their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an outperform rating in a report on Tuesday, January 9th. Finally, Barclays lifted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $462.60.

S&P Global Stock Up 0.1 %

Shares of NYSE SPGI opened at $415.73 on Friday. The stock has a market capitalization 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. The company has a 50-day moving average price of $423.79 and a 200-day moving average price of $417.41. S&P Global has a 1 year low of $340.49 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.84.

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

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Private Wealth Management Group LLC bought a new stake in S&P Global during the 4th quarter worth approximately $26,000. Pineridge Advisors LLC bought a new stake in S&P Global during the 4th quarter worth approximately $26,000. Valued Wealth Advisors LLC bought a new stake in S&P Global during the 4th quarter worth approximately $28,000. Oliver Lagore Vanvalin Investment Group increased its holdings in S&P Global by 64.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new stake in S&P Global during the 3rd quarter worth approximately $25,000. Institutional investors own 87.17% of the company’s stock.

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.