Oppenheimer Issues Pessimistic Forecast for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI) had its price objective decreased by equities research analysts at Oppenheimer from $590.00 to $580.00 in a report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 16.57% from the stock’s current price.

SPGI has been the topic of several other research reports. Citigroup began coverage on S&P Global in a report on Friday, December 20th. They issued a “buy” rating and a $600.00 target price on the stock. Barclays lifted their target price on shares of S&P Global from $550.00 to $610.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. BMO Capital Markets dropped their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus increased their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $574.43.

S&P Global Stock Performance

Shares of SPGI stock traded up $2.06 during trading hours on Friday, reaching $497.56. 250,124 shares of the company’s stock were exchanged, compared to its average volume of 885,998. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29. The company has a market cap of $154.39 billion, a P/E ratio of 43.92, a price-to-earnings-growth ratio of 2.53 and a beta of 1.19. The company’s 50 day moving average is $503.74 and its two-hundred day moving average is $496.87.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.21 earnings per share. Equities research analysts anticipate that S&P Global will post 15.24 EPS for the current fiscal year.

Institutional Trading of S&P Global

Several large investors have recently added to or reduced their stakes in SPGI. HWG Holdings LP purchased a new stake in shares of S&P Global during the 2nd quarter valued at about $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter valued at approximately $27,000. Sachetta LLC lifted its position in shares of S&P Global by 103.4% during the second quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services purchased a new position in shares of S&P Global in the third quarter valued at $29,000. Finally, Capital Performance Advisors LLP acquired a new stake in S&P Global during the 3rd quarter valued at $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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.