S&P Global Inc. (NYSE:SPGI) Receives Average Rating of “Buy” from Brokerages

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

A number of brokerages have commented on SPGI. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 22nd. Mizuho upped their target price on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Seaport Res Ptn upgraded S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Evercore ISI increased their price objective on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Finally, Citigroup boosted their target price on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th.

S&P Global Price Performance

Shares of S&P Global stock opened at $529.80 on Thursday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.34. S&P Global has a 12 month low of $427.14 and a 12 month high of $579.05. The stock has a 50 day moving average of $498.09 and a 200 day moving average of $514.91. The firm has a market cap of $160.42 billion, a PE ratio of 38.53, a PEG ratio of 2.75 and a beta of 1.19.

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

Institutional Trading of S&P Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in S&P Global in the second quarter valued at approximately $2,188,945,000. Valeo Financial Advisors LLC boosted its holdings in shares of S&P Global by 70,734.1% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,168,411 shares of the business services provider’s stock valued at $1,670,671,000 after acquiring an additional 3,163,938 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of S&P Global by 3,430.6% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,554,571 shares of the business services provider’s stock worth $819,699,000 after acquiring an additional 1,510,540 shares during the period. TCI Fund Management Ltd. raised its holdings in shares of S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after purchasing an additional 730,354 shares during the last quarter. Finally, Mizuho Markets Americas LLC lifted its position in S&P Global by 104,031.3% during the third quarter. Mizuho Markets Americas LLC now owns 595,631 shares of the business services provider’s stock valued at $289,900,000 after purchasing an additional 595,059 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

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.