S&P Global Inc. (NYSE:SPGI) Given Consensus Rating of "Moderate Buy" by Brokerages

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and thirteen have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $583.85.

SPGI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the company a "buy" rating in a report on Monday, October 28th. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a report on Friday, January 3rd. UBS Group raised their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Robert W. Baird upped their price target on S&P Global from $536.00 to $575.00 and gave the company an "outperform" rating in a research note on Friday, October 25th. Finally, Evercore ISI started coverage on S&P Global in a report on Wednesday, October 2nd. They set an "outperform" rating and a $599.00 price target for the company.

S&P Global Price Performance

NYSE SPGI traded up $4.47 during mid-day trading on Thursday, hitting $495.82. The stock had a trading volume of 1,250,866 shares, compared to its average volume of 1,320,671. The firm's 50 day moving average is $504.66 and its 200 day moving average is $498.90. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $153.85 billion, a price-to-earnings ratio of 43.76, a PEG ratio of 2.53 and a beta of 1.20. S&P Global has a twelve month low of $407.69 and a twelve month high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion during the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 earnings per share. Equities research analysts forecast that S&P Global will post 15.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of S&P Global by 3.4% during the third quarter. Wellington Management Group LLP now owns 8,868,375 shares of the business services provider's stock worth $4,581,580,000 after buying an additional 292,436 shares during the period. Geode Capital Management LLC grew its holdings in S&P Global by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider's stock worth $3,332,016,000 after acquiring an additional 113,146 shares in the last quarter. FMR LLC increased its position in shares of S&P Global by 6.6% in the 3rd quarter. FMR LLC now owns 5,965,369 shares of the business services provider's stock valued at $3,081,830,000 after purchasing an additional 369,598 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,826,597 shares of the business services provider's stock valued at $1,260,665,000 after purchasing an additional 29,227 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of S&P Global by 1.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider's stock valued at $1,401,909,000 after purchasing an additional 28,458 shares in the last quarter. Hedge funds and other institutional investors 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.