Bank of America Begins Coverage on S&P Global (NYSE:SPGI)

Analysts at Bank of America started coverage on shares of S&P Global (NYSE:SPGI) in a research note issued to investors on Thursday. The firm set a “buy” rating and a $600.00 price target on the business services provider’s stock. Bank of America‘s target price would indicate a potential upside of 28.99% from the stock’s previous close.

SPGI has been the topic of a number of other reports. BMO Capital Markets lifted their price objective on shares of S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Mizuho began coverage on shares of S&P Global in a research note on Wednesday, March 12th. They set an “outperform” rating and a $599.00 price target on the stock. Oppenheimer lowered their price objective on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a report on Friday, January 3rd. Wells Fargo & Company increased their target price on S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $595.14.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $465.14 on Thursday. S&P Global has a one year low of $407.69 and a one year high of $545.39. The stock has a market capitalization of $145.98 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.41 and a beta of 1.26. The company has a 50-day simple moving average of $504.81 and a 200-day simple moving average of $506.17. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 quarter in the prior year, the firm posted $3.13 earnings per share. On average, analysts predict that S&P Global will post 17.11 EPS for the current year.

Institutional Trading of S&P Global

Several large investors have recently modified their holdings of the business. Minot DeBlois Advisors LLC acquired a new stake in shares of S&P Global during the fourth quarter valued at $25,000. Anderson Financial Strategies LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $27,000. Human Investing LLC acquired a new stake in shares of S&P Global during the 4th quarter worth about $30,000. Noble Wealth Management PBC purchased a new stake in shares of S&P Global during the fourth quarter worth about $31,000. Finally, Hazlett Burt & Watson Inc. raised its position in shares of S&P Global by 131.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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.