BMO Capital Markets Issues Positive Forecast for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI) had its price target upped by research analysts at BMO Capital Markets from $576.00 to $590.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target indicates a potential upside of 10.26% from the stock’s previous close.

A number of other research firms have also weighed in on SPGI. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday. Robert W. Baird increased their target price on S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. cut their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Stifel Nicolaus upped their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Finally, Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research note on Friday, January 3rd. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $587.92.

S&P Global Stock Performance

Shares of SPGI traded up $3.61 during mid-day trading on Thursday, reaching $535.12. 498,290 shares of the company’s stock were exchanged, compared to its average volume of 1,314,175. The business’s fifty day simple moving average is $506.35 and its 200-day simple moving average is $506.53. The stock has a market capitalization of $166.05 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global has a 52-week low of $407.69 and a 52-week high of $542.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter in the prior year, the company posted $3.13 EPS. On average, equities research analysts expect that S&P Global will post 15.34 earnings per share for the current year.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CenterBook Partners LP raised its stake in S&P Global by 101.0% in the 4th quarter. CenterBook Partners LP now owns 3,841 shares of the business services provider’s stock valued at $1,913,000 after purchasing an additional 1,930 shares during the last quarter. DRW Securities LLC raised its position in shares of S&P Global by 161.7% in the fourth quarter. DRW Securities LLC now owns 2,580 shares of the business services provider’s stock valued at $1,284,000 after buying an additional 1,594 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of S&P Global by 1,384.4% during the fourth quarter. APG Asset Management N.V. now owns 290,500 shares of the business services provider’s stock valued at $139,718,000 after buying an additional 270,930 shares during the period. Advisory Services Network LLC boosted its position in S&P Global by 26.5% during the fourth quarter. Advisory Services Network LLC now owns 13,497 shares of the business services provider’s stock worth $6,722,000 after acquiring an additional 2,831 shares during the last quarter. Finally, Straightline Group LLC purchased a new stake in S&P Global in the 4th quarter worth approximately $199,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.