S&P Global Inc. (NYSE:SPGI) Given Consensus Recommendation of “Buy” by Brokerages

Shares of S&P Global Inc. (NYSE:SPGI) have been given an average rating of “Buy” by the eighteen research firms that are presently covering the firm, Marketbeat.com reports. Sixteen research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $614.9286.

A number of research analysts have commented on the company. Wells Fargo & Company upped their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. JPMorgan Chase & Co. cut their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Morgan Stanley raised their target price on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. Seaport Res Ptn raised S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. Finally, BMO Capital Markets set a $546.00 price target on shares of S&P Global in a research report on Friday, November 14th.

Institutional Trading of S&P Global

Large investors have recently modified their holdings of the stock. Emerald Advisers LLC grew its stake in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock worth $480,000 after purchasing an additional 18 shares in the last quarter. Fullcircle Wealth LLC boosted its stake in shares of S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after buying an additional 18 shares during the period. Summitry LLC grew its position in shares of S&P Global by 2.1% during the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock worth $466,000 after buying an additional 18 shares in the last quarter. Hamilton Capital LLC increased its stake in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after buying an additional 18 shares during the period. Finally, Sand Hill Global Advisors LLC increased its stake in shares of S&P Global by 3.1% during the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after buying an additional 19 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Price Performance

Shares of SPGI opened at $525.44 on Thursday. The firm has a 50-day simple moving average of $494.87 and a two-hundred day simple moving average of $514.55. The stock has a market cap of $159.10 billion, a PE ratio of 38.21, a P/E/G ratio of 2.73 and a beta of 1.19. S&P Global has a 1-year low of $427.14 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick ratio of 0.97.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. The firm had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. As a group, analysts forecast that S&P Global will post 17.11 EPS for the current year.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.