BMO Capital Markets Forecasts Strong Price Appreciation for S&P Global (NYSE:SPGI) Stock

S&P Global (NYSE:SPGI) had its target price upped by equities researchers at BMO Capital Markets from $564.00 to $576.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price target would indicate a potential upside of 12.80% from the stock’s current price.

Several other research analysts also recently commented on SPGI. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Stifel Nicolaus boosted their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Robert W. Baird upped their target price on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Morgan Stanley raised 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 report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price objective on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating for the company in a research report on Friday, January 10th. Two analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $584.54.

S&P Global Stock Performance

NYSE:SPGI opened at $510.64 on Tuesday. The firm has a market capitalization of $158.45 billion, a PE ratio of 45.07, a PEG ratio of 2.32 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 1 year low of $407.69 and a 1 year high of $533.29. The firm’s fifty day simple moving average is $504.76 and its 200 day simple moving average is $502.26.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts’ consensus estimates of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion for the quarter, compared to analyst estimates of $3.43 billion. During the same period in the previous year, the company posted $3.21 earnings per share. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, sell-side analysts anticipate that S&P Global will post 15.3 EPS for the current year.

Institutional Trading of S&P Global

A number of large investors have recently bought and sold shares of the stock. Nordea Investment Management AB boosted its stake in shares of S&P Global by 52.0% in the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock valued at $328,632,000 after purchasing an additional 225,370 shares in the last quarter. GDS Wealth Management lifted its holdings in S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares during the last quarter. Sanctuary Advisors LLC boosted its position in S&P Global by 12.6% in the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after buying an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in S&P Global in the third quarter valued at about $27,170,000. Finally, Eastern Bank grew its stake in S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after buying an additional 1,530 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

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.