S&P Global (NYSE:SPGI) Coverage Initiated by Analysts at Mizuho

Research analysts at Mizuho initiated coverage on shares of S&P Global (NYSE:SPGI - Get Free Report) in a research note issued on Wednesday,Briefing.com Automated Import reports. The firm set an "outperform" rating and a $599.00 price target on the business services provider's stock. Mizuho's target price points to a potential upside of 24.66% from the company's current price.

SPGI has been the topic of a number of other reports. Evercore ISI lifted their target price on shares of S&P Global from $599.00 to $608.00 and gave the company an "outperform" rating in a report on Wednesday, February 12th. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their price objective on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $590.86.

Remove Ads

S&P Global Stock Performance

Shares of S&P Global stock opened at $480.51 on Wednesday. The firm's fifty day simple moving average is $514.52 and its 200-day simple moving average is $511.46. The stock has a market capitalization of $147.90 billion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.41 and a beta of 1.20. S&P Global has a 12 month low of $407.69 and a 12 month high of $545.39. 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 announced its earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period in the previous year, the business posted $3.13 EPS. As a group, equities analysts forecast that S&P Global will post 17.11 earnings per share for the current year.

Institutional Investors Weigh In On S&P Global

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

About S&P Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.