Argus Boosts S&P Global (SPGI) Price Target to $210.00

S&P Global (NYSE:SPGI) had its target price boosted by investment analysts at Argus to $210.00 in a report issued on Wednesday. The firm presently has a “buy” rating on the business services provider’s stock. Argus’ price target suggests a potential upside of 12.89% from the stock’s current price.

Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $197.00 price target for the company in a research note on Thursday, January 11th. UBS Group lifted their price target on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, October 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $177.00 price objective on shares of S&P Global in a research note on Thursday, October 26th. BidaskClub lowered S&P Global from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 20th. Finally, Morgan Stanley boosted their price objective on S&P Global from $192.00 to $198.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $190.36.

Shares of S&P Global (SPGI) traded up $4.09 during trading on Wednesday, hitting $186.03. The company had a trading volume of 1,566,423 shares, compared to its average volume of 1,340,000. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. S&P Global has a 1 year low of $126.21 and a 1 year high of $186.39. The stock has a market cap of $47,440.00, a price-to-earnings ratio of 32.24, a PEG ratio of 1.69 and a beta of 1.52.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the business earned $1.28 EPS. S&P Global’s revenue for the quarter was up 13.6% compared to the same quarter last year. sell-side analysts anticipate that S&P Global will post 8.52 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $1,918,874,000. BlackRock Inc. boosted its holdings in shares of S&P Global by 1,866.9% during the 1st quarter. BlackRock Inc. now owns 15,452,706 shares of the business services provider’s stock worth $2,020,285,000 after purchasing an additional 14,667,076 shares during the last quarter. Artisan Partners Limited Partnership acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $837,221,000. BlackRock Institutional Trust Company N.A. acquired a new position in shares of S&P Global during the 2nd quarter worth approximately $730,970,000. Finally, Jennison Associates LLC acquired a new position in S&P Global in the second quarter valued at approximately $676,571,000. Institutional investors own 85.21% of the company’s stock.

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S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

Analyst Recommendations for S&P Global (NYSE:SPGI)

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