S&P Global (NYSE:SPGI – Get Rating) had its target price lifted by BMO Capital Markets from $454.00 to $462.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 19.20% from the company’s previous close.
SPGI has been the topic of a number of other research reports. Oppenheimer dropped their price objective on shares of S&P Global from $540.00 to $497.00 and set an “outperform” rating on the stock in a report on Wednesday, February 9th. UBS Group reduced their price objective on S&P Global from $520.00 to $486.00 and set a “buy” rating for the company in a research note on Monday, March 7th. Credit Suisse Group reiterated an “outperform” rating and set a $495.00 target price on shares of S&P Global in a research report on Thursday, March 24th. Raymond James reduced their price target on S&P Global from $497.00 to $475.00 and set an “outperform” rating for the company in a research report on Thursday, April 7th. Finally, JPMorgan Chase & Co. began coverage on shares of S&P Global in a report on Wednesday, March 2nd. They issued an “overweight” rating and a $480.00 target price for the company. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global currently has an average rating of “Buy” and an average target price of $480.14.
Shares of SPGI opened at $387.59 on Monday. The firm has a fifty day simple moving average of $396.67 and a two-hundred day simple moving average of $430.53. The firm has a market cap of $93.45 billion, a PE ratio of 30.98, a P/E/G ratio of 2.43 and a beta of 1.05. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 1.95. S&P Global has a 1-year low of $363.54 and a 1-year high of $484.21.
In other news, insider Martina Cheung sold 3,870 shares of the firm’s stock in a transaction dated Thursday, March 10th. The shares were sold at an average price of $381.28, for a total value of $1,475,553.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dimitra Manis sold 2,636 shares of S&P Global stock in a transaction dated Wednesday, March 2nd. The stock was sold at an average price of $405.41, for a total transaction of $1,068,660.76. The disclosure for this sale can be found here. Insiders sold a total of 11,280 shares of company stock valued at $4,478,177 over the last ninety days. Corporate insiders own 0.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in SPGI. Baystate Wealth Management LLC increased its stake in S&P Global by 96.7% in the 3rd quarter. Baystate Wealth Management LLC now owns 59 shares of the business services provider’s stock worth $25,000 after buying an additional 29 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in S&P Global during the 4th quarter valued at about $25,000. Carolinas Wealth Consulting LLC increased its position in S&P Global by 714.3% during the 4th quarter. Carolinas Wealth Consulting LLC now owns 57 shares of the business services provider’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in S&P Global during the 4th quarter valued at about $28,000. Finally, MV Capital Management Inc. increased its position in S&P Global by 65.9% during the 3rd quarter. MV Capital Management Inc. now owns 68 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 27 shares during the period. 92.90% of the stock is currently owned by institutional investors.
S&P Global Company Profile (Get Rating)
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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
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