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

S&P Global (NYSE:SPGI) had its price objective increased 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.

Several other equities research analysts have also issued reports on the stock. Erste Group Bank restated a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Raymond James raised their target price 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. BMO Capital Markets raised their target price 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. Barclays raised their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada reiterated an outperform rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of Moderate Buy and a consensus target price of $462.60.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $415.78 on Friday. S&P Global has a 52 week low of $340.49 and a 52 week high of $461.16. The stock has a market capitalization of $133.16 billion, a P/E ratio of 46.61, a PEG ratio of 2.36 and a beta of 1.15. The firm has a fifty day simple moving average of $423.79 and a two-hundred day simple moving average of $418.07. The company has a quick ratio of 0.84, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The business 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, analysts expect that S&P Global will post 14.03 earnings per share 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 dated 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 completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Several large investors have recently modified their holdings of the business. Kathleen S. Wright Associates Inc. purchased a new position in shares of S&P Global in the 3rd quarter worth approximately $25,000. Private Wealth Management Group LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $26,000. Pineridge Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $26,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global in the 4th quarter worth approximately $28,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in shares of 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 last quarter. 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.