Brokerages Set S&P Global Inc. (NYSE:SPGI) Target Price at $590.86

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have received an average recommendation of "Moderate Buy" from the sixteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $590.86.

Several analysts have weighed in on the stock. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They issued a "buy" rating and a $600.00 price objective for the company. Mizuho assumed coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an "outperform" rating and a $599.00 price objective on the stock. UBS Group lifted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Oppenheimer reduced their price objective on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research report on Friday, January 3rd. Finally, Morgan Stanley upped their price target on S&P Global from $595.00 to $600.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Minot DeBlois Advisors LLC purchased a new stake in shares of S&P Global in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the fourth quarter worth about $27,000. Human Investing LLC purchased a new position in shares of S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC purchased a new stake in S&P Global during the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. increased its position in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider's stock worth $32,000 after acquiring an additional 38 shares during the period. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

S&P Global Trading Up 0.5 %

Shares of S&P Global stock traded up $2.54 during trading on Tuesday, hitting $510.34. 106,712 shares of the company were exchanged, compared to its average volume of 1,390,631. S&P Global has a 1-year low of $407.69 and a 1-year high of $545.39. The firm's fifty day moving average price is $515.11 and its 200 day moving average price is $510.31. The firm has a market capitalization of $157.08 billion, a P/E ratio of 41.35, a price-to-earnings-growth ratio of 2.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same quarter in the prior year, the firm earned $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th were given a $0.96 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a yield of 0.75%. This is an increase from S&P Global's previous quarterly dividend of $0.91. S&P Global's payout ratio is currently 31.09%.

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.