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

Stock analysts at Evercore ISI initiated coverage on shares of S&P Global (NYSE:SPGI) in a research report issued to clients and investors on Wednesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $599.00 price target on the business services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 16.40% from the company’s current price.

SPGI has been the topic of several other reports. BMO Capital Markets raised their target price on S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. boosted their price target on S&P Global from $550.00 to $565.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Stifel Nicolaus increased their price objective on shares of S&P Global from $535.00 to $540.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Oppenheimer lifted their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Finally, Bank of America increased their price target on S&P Global from $530.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, July 16th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $556.58.

S&P Global Trading Down 0.0 %

S&P Global stock opened at $514.60 on Wednesday. The stock has a market cap of $161.02 billion, a PE ratio of 57.69, a price-to-earnings-growth ratio of 2.91 and a beta of 1.17. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a 50-day moving average of $504.41 and a two-hundred day moving average of $460.49. S&P Global has a one year low of $340.49 and a one year high of $528.02.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, July 30th. The business services provider reported $4.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.67 by $0.37. S&P Global had a return on equity of 13.03% and a net margin of 25.03%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business posted $3.12 EPS. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. On average, research analysts anticipate that S&P Global will post 14.57 EPS for the current fiscal year.

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now owns 154,912 shares in the company, valued at $74,915,443.20. The sale was disclosed in a document filed with the SEC, which is available through this link. In other S&P Global news, Director Robert P. Kelly sold 7,662 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $481.28, for a total transaction of $3,687,567.36. Following the transaction, the director now owns 15,830 shares in the company, valued at approximately $7,618,662.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $483.60, for a total value of $3,385,200.00. Following the completion of the sale, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The disclosure for this sale can be found here. Insiders have sold 17,862 shares of company stock worth $8,645,727 in the last ninety days. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Market Strategies LLC lifted its stake in S&P Global by 5.4% in the 3rd quarter. Capital Market Strategies LLC now owns 606 shares of the business services provider’s stock valued at $313,000 after buying an additional 31 shares in the last quarter. Czech National Bank increased its position in S&P Global by 6.9% during the third quarter. Czech National Bank now owns 65,228 shares of the business services provider’s stock worth $33,698,000 after purchasing an additional 4,229 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of S&P Global by 2.0% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 14,234 shares of the business services provider’s stock worth $7,354,000 after buying an additional 276 shares during the last quarter. Trust Co. of Toledo NA OH increased its stake in S&P Global by 6.1% during the third quarter. Trust Co. of Toledo NA OH now owns 521 shares of the business services provider’s stock worth $269,000 after acquiring an additional 30 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in S&P Global by 42.1% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 213,052 shares of the business services provider’s stock valued at $95,021,000 after buying an additional 63,070 shares during the period. 87.17% of the stock is owned by institutional investors and hedge funds.

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.