Evercore ISI Increases S&P Global (NYSE:SPGI) Price Target to $632.00

S&P Global (NYSE:SPGI) had its price objective boosted by research analysts at Evercore ISI from $629.00 to $632.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s price objective would indicate a potential upside of 17.59% from the stock’s previous close.

A number of other brokerages have also recently weighed in on SPGI. Weiss Ratings reissued a “buy (b-)” rating on shares of S&P Global in a research note on Monday, December 29th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research note on Friday, September 19th. Two investment analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average price target of $615.14.

S&P Global Price Performance

NYSE SPGI opened at $537.48 on Thursday. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The business’s fifty day moving average is $504.03 and its two-hundred day moving average is $516.05. The stock has a market capitalization of $162.75 billion, a P/E ratio of 39.09, a P/E/G ratio of 2.52 and a beta of 1.21. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a return on equity of 15.90% and a net margin of 28.10%. On average, research analysts forecast that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Emerald Advisers LLC grew its holdings in shares of S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 18 shares in the last quarter. Fullcircle Wealth LLC boosted its position in S&P Global by 1.0% during the second quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC grew its stake in S&P Global by 2.1% in the second quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 18 shares in the last quarter. Hamilton Capital LLC increased its position in S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock worth $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC raised its stake in shares of S&P Global by 3.1% during the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.