S&P Global (NYSE:SPGI) Now Covered by Citigroup

Stock analysts at Citigroup assumed coverage on shares of S&P Global (NYSE:SPGI) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “buy” rating and a $600.00 price target on the business services provider’s stock. Citigroup’s price objective indicates a potential upside of 23.31% from the stock’s current price.

SPGI has been the subject of a number of other research reports. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Oppenheimer raised their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Evercore ISI assumed coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Stifel Nicolaus raised their price objective on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.14.

S&P Global Trading Down 0.7 %

Shares of SPGI stock opened at $486.56 on Friday. The company has a market capitalization of $150.98 billion, a PE ratio of 42.94, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. The business’s fifty day moving average is $507.65 and its 200 day moving average is $492.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Investors Weigh In On S&P Global

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

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.