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

Shares of S&P Global Inc. (NYSE:SPGI) have been assigned an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $573.23.

A number of equities analysts recently issued reports on the company. Oppenheimer upped their price target on S&P Global from $540.00 to $590.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Barclays upped their target price on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Morgan Stanley lifted their price target on shares of S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Evercore ISI started coverage on shares of S&P Global in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price objective for the company. Finally, Wells Fargo & Company lifted their target price on S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. HWG Holdings LP acquired a new position in S&P Global during the second quarter worth $27,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the 3rd quarter worth $27,000. Sachetta LLC increased its holdings in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter valued at about $29,000. Finally, Hobbs Group Advisors LLC purchased a new stake in S&P Global during the second quarter worth about $31,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Stock Down 0.5 %

Shares of NYSE:SPGI opened at $500.51 on Friday. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $533.29. The firm’s 50 day moving average price is $508.85 and its 200 day moving average price is $492.31. 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 $155.31 billion, a price-to-earnings ratio of 44.18, a price-to-earnings-growth ratio of 2.64 and a beta of 1.19.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating analysts’ consensus estimates of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the business earned $3.21 EPS. As a group, equities research analysts predict that S&P Global will post 15.24 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 11th. Investors 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 dividend on an annualized basis and a yield of 0.73%. S&P Global’s dividend payout ratio (DPR) is 32.13%.

About S&P Global

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.