1 week Ago By ABMN Staff
S&P Global ( NYSE:SPGI – Free Report ) had its price target cut by Oppenheimer from $590.00 to $580.00 in a research note published on Friday, Benzinga reports.
They currently have an outperform rating on the business services provider’s stock. SPGI has been the subject of several other reports. Evercore ISI started coverage on S&P Global in a research report on Wednesday, October 2nd.
They issued an “outperform” rating and a $599.00 price target for the company. Citigroup initiated coverage on S&P Global in a research report on Friday, December 20th.
They set a “buy” rating and a $600.00 price target on the stock. Barclays boosted their target price on S&P Global from $550.
00 to $610.00 and gave the stock an “overweight” rating in a research note on Friday, September 13th. Morgan Stanley upped their price target on shares of S&P Global from $570.
00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets lowered their price objective on shares of S&P Global from $589.
00 to $564.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock.
Based on data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average target price of $574.43.
Get Our Latest Analysis on SPGI S&P Global Stock Up 0.8 % S&P Global ( NYSE:SPGI – Get Free Report ) last released its quarterly earnings data 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.
The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion.
S&P Global had a net margin of 25.80% and a return on equity of 13.72%.
The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.
21 EPS. Analysts anticipate that S&P Global will post 15.24 EPS for the current year.
Hedge Funds Weigh In On S&P Global A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in shares of S&P Global by 3.4% during the 3rd quarter.
Wellington Management Group LLP now owns 8,868,375 shares of the business services provider’s stock worth $4,581,580,000 after buying an additional 292,436 shares during the period. Geode Capital Management LLC increased its holdings in S&P Global by 1.8% in the 3rd quarter.
Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock worth $3,332,016,000 after acquiring an additional 113,146 shares in the last quarter. FMR LLC raised its position in S&P Global by 6.6% during the third quarter.
FMR LLC now owns 5,965,369 shares of the business services provider’s stock worth $3,081,830,000 after acquiring an additional 369,598 shares during the period. Legal & General Group Plc raised its position in S&P Global by 1.0% during the second quarter.
Legal & General Group Plc now owns 2,826,597 shares of the business services provider’s stock worth $1,260,665,000 after acquiring an additional 29,227 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in S&P Global by 1.1% during the third quarter.
UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,713,617 shares of the business services provider’s stock valued at $1,401,909,000 after purchasing an additional 28,458 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.
About S&P Global ( Get Free Report ) 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. Read More Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.
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