S&P Global (NYSE:SPGI) Given New $580.00 Price Target at Oppenheimer

S&P Global (NYSE:SPGI) had its price target decreased by Oppenheimer from $590.00 to $580.00 in a report released on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the business services provider’s stock.

Other equities research analysts have also issued research reports about the stock. Barclays upped their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. UBS Group lifted their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. BMO Capital Markets reduced their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company upped their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $574.43.

S&P Global Stock Up 0.8 %

SPGI stock opened at $499.57 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 52 week low of $407.69 and a 52 week high of $533.29. The stock has a market capitalization of $155.02 billion, a P/E ratio of 44.09, a P/E/G ratio of 2.53 and a beta of 1.20. The firm has a 50-day simple moving average of $503.92 and a 200-day simple moving average of $497.76.

S&P Global (NYSE:SPGI) last announced its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.21 EPS. Equities analysts forecast that S&P Global will post 15.24 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. HWG Holdings LP acquired a new stake in shares of S&P Global in the 2nd quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global during the 3rd quarter worth approximately $27,000. Sachetta LLC lifted its stake in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after buying an additional 30 shares in the last quarter. First Personal Financial Services acquired a new position in shares of S&P Global in the third quarter worth $29,000. Finally, Capital Performance Advisors LLP acquired a new stake in shares of S&P Global during the third quarter valued at $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

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.