S&P Global (NYSE:SPGI) Now Covered by Citigroup

Stock analysts at Citigroup assumed coverage on shares of S&P Global (NYSE:SPGI - Get Free Report) in a research note issued on Friday, MarketBeat.com reports. The brokerage set a "buy" rating and a $600.00 price target on the business services provider's stock. Citigroup's price target would indicate a potential upside of 22.00% from the company's previous close.

A number of other equities analysts also recently issued reports on the company. 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 report on Friday, October 25th. Oppenheimer increased their target price on shares of S&P Global from $540.00 to $590.00 and gave the company an "outperform" rating in a research report on Thursday, October 3rd. Evercore ISI started coverage on shares of S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target for the company. Morgan Stanley raised their price objective on S&P Global from $570.00 to $595.00 and gave the stock an "overweight" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on S&P Global from $575.00 to $620.00 and gave the company an "overweight" rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, S&P Global has a consensus rating of "Moderate Buy" and an average price target of $575.14.

S&P Global Stock Up 1.1 %

S&P Global stock traded up $5.25 during trading on Friday, reaching $491.81. The stock had a trading volume of 2,491,332 shares, compared to its average volume of 1,219,247. S&P Global has a 52-week low of $407.69 and a 52-week high of $533.29. The business has a 50 day moving average price of $507.65 and a 200 day moving average price of $492.26. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market cap of $152.61 billion, a PE ratio of 43.41, a P/E/G ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global'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 company posted $3.21 earnings per share. On average, analysts predict that S&P Global will post 15.24 EPS for the current year.

Institutional Investors Weigh In On S&P Global

Several institutional investors have recently made changes to their positions in the stock. Independence Bank of Kentucky raised its holdings in S&P Global by 8.9% during the second quarter. Independence Bank of Kentucky now owns 2,152 shares of the business services provider's stock worth $960,000 after purchasing an additional 175 shares during the last quarter. Calamos Wealth Management LLC boosted its position in shares of S&P Global by 2.7% in the 2nd quarter. Calamos Wealth Management LLC now owns 23,999 shares of the business services provider's stock worth $10,704,000 after buying an additional 632 shares in the last quarter. AMG National Trust Bank grew its stake in S&P Global by 4.8% in the 2nd quarter. AMG National Trust Bank now owns 654 shares of the business services provider's stock valued at $292,000 after acquiring an additional 30 shares during the last quarter. Capital Advisors Ltd. LLC increased its holdings in S&P Global by 4.1% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 796 shares of the business services provider's stock valued at $355,000 after acquiring an additional 31 shares in the last quarter. Finally, Highland Capital Management LLC raised its position in S&P Global by 2.6% during the second quarter. Highland Capital Management LLC now owns 25,387 shares of the business services provider's stock worth $11,323,000 after acquiring an additional 640 shares during the last quarter. 87.17% of the stock is currently owned by hedge funds and other 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.