S&P Global (NYSE:SPGI) Coverage Initiated by Analysts at Bank of America

Equities researchers at Bank of America started coverage on shares of S&P Global (NYSE:SPGI - Get Free Report) in a research report issued on Thursday. The brokerage set a "buy" rating and a $600.00 price target on the business services provider's stock. Bank of America's price objective suggests a potential upside of 27.09% from the company's current price.

Several other brokerages have also weighed in on SPGI. Oppenheimer lowered their target price on shares of S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a research note on Friday, January 3rd. Evercore ISI upped their price target on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Mizuho assumed coverage on shares of S&P Global in a research report on Wednesday, March 12th. They set an "outperform" rating and a $599.00 price target on the stock. UBS Group increased their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a "buy" rating in a report on Tuesday, February 18th. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $595.14.

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S&P Global Price Performance

Shares of NYSE:SPGI traded up $0.52 during trading on Thursday, reaching $472.11. The stock had a trading volume of 346,423 shares, compared to its average volume of 1,427,366. The business has a fifty day moving average price of $503.97 and a 200-day moving average price of $505.85. The stock has a market cap of $148.17 billion, a PE ratio of 38.23, a PEG ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. S&P Global has a 1-year low of $407.69 and a 1-year high of $545.39.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate 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 last year, the business posted $3.13 EPS. On average, equities analysts forecast that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Minot DeBlois Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter worth $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global in the 4th quarter valued at about $27,000. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter worth about $30,000. Noble Wealth Management PBC bought a new stake in S&P Global in the fourth quarter valued at about $31,000. Finally, Hazlett Burt & Watson Inc. lifted its holdings in 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 buying an additional 38 shares during 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.