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

S&P Global (NYSE:SPGI) had its price objective lifted by equities research analysts at BMO Capital Markets from $564.00 to $576.00 in a report released 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 13.45% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Oppenheimer lowered their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Citigroup initiated coverage on S&P Global in a report on Friday, December 20th. They set a “buy” rating and a $600.00 price target for the company. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a report on Monday, September 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $5.87 during trading on Tuesday, hitting $507.73. 222,749 shares of the stock were exchanged, compared to its average volume of 1,331,191. The company has a market capitalization of $157.55 billion, a price-to-earnings ratio of 44.77, a price-to-earnings-growth ratio of 2.30 and a beta of 1.20. S&P Global has a 1-year low of $407.69 and a 1-year high of $533.29. The company’s fifty day simple moving average is $504.64 and its 200-day simple moving average is $501.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPGI. HWG Holdings LP purchased a new stake in S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC purchased a new stake in S&P Global in the third quarter worth about $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the third quarter valued at approximately $29,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter valued at approximately $31,000. Finally, Voisard Asset Management Group Inc. lifted its holdings in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 27 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

About S&P Global

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.