S&P Global (NYSE:SPGI) Price Target Increased to $510.00 by Analysts at Morgan Stanley

S&P Global (NYSE:SPGIFree Report) had its target price increased by Morgan Stanley from $500.00 to $510.00 in a research note published on Friday, Benzinga reports. The firm currently has an overweight rating on the business services provider’s stock.

Several other research firms have also commented on SPGI. Royal Bank of Canada reaffirmed an outperform rating and set a $500.00 target price on shares of S&P Global in a report on Friday, June 21st. Stifel Nicolaus upped their target price on S&P Global from $442.00 to $446.00 and gave the company a buy rating in a report on Friday, April 26th. Oppenheimer increased their price objective on S&P Global from $482.00 to $486.00 and gave the stock an outperform rating in a report on Monday, July 1st. Erste Group Bank reissued a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a report on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $477.89.

View Our Latest Stock Report on S&P Global

S&P Global Trading Up 0.9 %

Shares of NYSE SPGI opened at $453.27 on Friday. The stock’s 50 day moving average price is $434.19 and its two-hundred day moving average price is $432.13. 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 $141.83 billion, a P/E ratio of 50.82, a PEG ratio of 2.50 and a beta of 1.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The firm had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. On average, analysts anticipate that S&P Global will post 14.12 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be given a $0.91 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $3.64 dividend on an annualized basis and a yield of 0.80%. S&P Global’s dividend payout ratio (DPR) is 40.81%.

Institutional Investors Weigh In On S&P Global

Institutional investors have recently added to or reduced their stakes in the company. Lido Advisors LLC lifted its position in shares of S&P Global by 4.5% during the 3rd quarter. Lido Advisors LLC now owns 5,323 shares of the business services provider’s stock valued at $1,945,000 after acquiring an additional 227 shares during the last quarter. Scotia Capital Inc. lifted its position in shares of S&P Global by 13.9% during the 3rd quarter. Scotia Capital Inc. now owns 8,241 shares of the business services provider’s stock valued at $3,011,000 after acquiring an additional 1,008 shares during the last quarter. Schroder Investment Management Group lifted its position in shares of S&P Global by 26.7% during the 3rd quarter. Schroder Investment Management Group now owns 51,050 shares of the business services provider’s stock valued at $18,654,000 after acquiring an additional 10,747 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of S&P Global during the 3rd quarter valued at $595,000. Finally, Townsquare Capital LLC lifted its position in shares of S&P Global by 5.0% during the 3rd quarter. Townsquare Capital LLC now owns 15,089 shares of the business services provider’s stock valued at $5,514,000 after acquiring an additional 723 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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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.

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Analyst Recommendations for S&P Global (NYSE:SPGI)

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