Oppenheimer Increases S&P Global (NYSE:SPGI) Price Target to $482.00

S&P Global (NYSE:SPGI) had its price objective boosted by equities researchers at Oppenheimer from $480.00 to $482.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s price target would indicate a potential upside of 15.93% from the company’s current price.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 9th. Stifel Nicolaus lifted their price target on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets lifted their price target on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Finally, Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $462.60.

S&P Global Stock Performance

Shares of S&P Global stock opened at $415.78 on Friday. The company has a current ratio of 0.92, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $133.16 billion, a P/E ratio of 46.61, a P/E/G ratio of 2.36 and a beta of 1.15. The business has a fifty day simple moving average of $423.79 and a two-hundred day simple moving average of $417.74. S&P Global has a 12 month low of $340.49 and a 12 month high of $461.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm 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, equities analysts forecast that S&P Global will post 13.99 earnings per share for the current fiscal year.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction 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 approximately $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Large investors have recently made changes to their positions in the company. Private Wealth Management Group LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $26,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the 4th quarter valued at approximately $28,000. Oliver Lagore Vanvalin Investment Group boosted its holdings in S&P Global by 64.1% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after buying an additional 25 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in S&P Global in the 3rd quarter worth $25,000. 87.17% of the stock is currently owned by institutional investors.

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.