S&P Global (NYSE:SPGI – Get Free Report) had its price target increased by equities research analysts at BMO Capital Markets from $532.00 to $537.00 in a report issued on Wednesday, Benzinga reports. The firm presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective indicates a potential upside of 10.98% from the stock’s current price.
A number of other research firms have also weighed in on SPGI. Bank of America increased their price objective on shares of S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, July 16th. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Barclays increased their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Stifel Nicolaus raised their target price on shares of S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $505.30.
Check Out Our Latest Stock Report on S&P Global
S&P Global Trading Down 1.0 %
S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter last year, the firm earned $3.12 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, research analysts predict that S&P Global will post 14.3 EPS for the current fiscal year.
Institutional Investors Weigh In On S&P Global
Several institutional investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC boosted its stake in S&P Global by 3.1% in the second quarter. Commonwealth Equity Services LLC now owns 49,946 shares of the business services provider’s stock valued at $22,276,000 after acquiring an additional 1,512 shares in the last quarter. NBT Bank N A NY boosted its stake in S&P Global by 344.9% in the second quarter. NBT Bank N A NY now owns 19,813 shares of the business services provider’s stock valued at $8,837,000 after acquiring an additional 15,360 shares in the last quarter. Concurrent Investment Advisors LLC boosted its stake in S&P Global by 4.9% in the second quarter. Concurrent Investment Advisors LLC now owns 7,209 shares of the business services provider’s stock valued at $3,215,000 after acquiring an additional 334 shares in the last quarter. Legacy Advisors LLC boosted its stake in S&P Global by 14.3% in the second quarter. Legacy Advisors LLC now owns 704 shares of the business services provider’s stock valued at $314,000 after acquiring an additional 88 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in S&P Global in the second quarter valued at approximately $803,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.
About S&P Global
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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