S&P Global Inc. (NYSE:SPGI) Receives $590.86 Consensus Target Price from Analysts

S&P Global Inc. (NYSE:SPGI) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $590.86.

A number of equities research analysts recently weighed in on SPGI shares. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Wells Fargo & Company lifted their price objective on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Evercore ISI lifted their price target on shares of S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 12th. Finally, Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price objective for the company.

S&P Global Trading Up 0.2 %

S&P Global stock opened at $508.95 on Tuesday. S&P Global has a 52 week low of $407.69 and a 52 week high of $545.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $156.66 billion, a PE ratio of 41.21, a PEG ratio of 2.41 and a beta of 1.20. The business’s 50-day simple moving average is $515.19 and its 200-day simple moving average is $510.30.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the company posted $3.13 EPS. Equities research analysts forecast that S&P Global will post 17.11 earnings per share for the current year.

S&P Global Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Wednesday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio is 31.09%.

Institutional Investors Weigh In On S&P Global

Institutional investors have recently modified their holdings of the business. Minot DeBlois Advisors LLC bought a new position in S&P Global in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global in the 4th quarter valued at $27,000. Human Investing LLC bought a new position in shares of S&P Global in the 4th quarter worth $30,000. Noble Wealth Management PBC acquired a new stake in shares of S&P Global during the fourth quarter worth $31,000. Finally, Hazlett Burt & Watson Inc. grew its stake in shares of S&P Global by 131.0% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds 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.