Brokerages Set S&P Global Inc. (NYSE:SPGI) Price Target at $573.23

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fourteen analysts that are covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and twelve have issued a buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $573.23.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets cut their target price on shares of S&P Global from $589.00 to $564.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. UBS Group upped their target price on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Wells Fargo & Company raised their target price 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. Robert W. Baird increased their price objective on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a report on Friday, October 25th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, October 3rd.

S&P Global Trading Down 1.4 %

SPGI traded down $7.12 on Friday, hitting $505.75. 1,191,823 shares of the company were exchanged, compared to its average volume of 1,209,018. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a fifty day simple moving average of $509.28 and a two-hundred day simple moving average of $491.23. The stock has a market capitalization of $156.93 billion, a PE ratio of 44.64, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last announced 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 net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the company posted $3.21 EPS. The firm's revenue for the quarter was up 15.9% compared to the same quarter last year. Sell-side analysts expect that S&P Global will post 15.24 earnings per share for the current year.

S&P Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th were given a $0.91 dividend. The ex-dividend date of this dividend was Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is 32.13%.

Hedge Funds Weigh In On S&P Global

A number of institutional investors have recently bought and sold shares of SPGI. HWG Holdings LP bought a new position in S&P Global in the 2nd quarter worth $27,000. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter valued at about $27,000. Sachetta LLC boosted its stake in shares of S&P Global by 103.4% in the second quarter. Sachetta LLC now owns 59 shares of the business services provider's stock worth $29,000 after acquiring an additional 30 shares during the period. First Personal Financial Services purchased a new stake in shares of S&P Global during the third quarter worth about $29,000. Finally, Hobbs Group Advisors LLC bought a new stake in S&P Global during the 2nd quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors.

S&P Global Company Profile

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.