S&P Global (NYSE:SPGI) Price Target Increased to $482.00 by Analysts at Oppenheimer

S&P Global (NYSE:SPGI) had its price target increased by Oppenheimer from $480.00 to $482.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have an outperform rating on the business services provider’s stock.

A number of other research analysts also recently issued reports on the stock. Barclays upped their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an outperform rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus increased their target price on S&P Global from $442.00 to $446.00 and gave the company a buy rating in a research note on Friday. Finally, BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a research note on Monday, April 1st. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and a consensus price target of $462.60.

S&P Global Stock Performance

Shares of S&P Global stock opened at $415.33 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a 50 day simple moving average of $423.63 and a 200 day simple moving average of $418.41. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The firm has a market cap of $129.96 billion, a P/E ratio of 46.56, a P/E/G ratio of 2.35 and a beta of 1.15.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. The company had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Sell-side analysts predict that S&P Global will post 14.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On S&P Global

Institutional investors have recently bought and sold shares of the company. Norges Bank bought a new stake in shares of S&P Global in the fourth quarter worth $1,652,862,000. Wellington Management Group LLP increased its stake in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider’s stock valued at $2,769,787,000 after buying an additional 881,215 shares during the last quarter. Capital International Investors lifted its position in S&P Global by 12.6% during the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider’s stock worth $2,423,762,000 after buying an additional 616,732 shares in the last quarter. Morgan Stanley boosted its stake in shares of S&P Global by 8.2% during the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider’s stock worth $2,067,807,000 after buying an additional 428,737 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of S&P Global by 1,750.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 428,390 shares of the business services provider’s stock valued at $156,538,000 after acquiring an additional 405,234 shares in the last quarter. 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.