RBC Capital analyst Ashish Sabadra maintained a Buy rating on S&P Global (SPGI – Research Report) on February 8 and set a price target of $540.00. The company’s shares closed last Thursday at $396.45.
According to TipRanks.com, Sabadra is a 4-star analyst with an average return of 5.9% and a 50.3% success rate. Sabadra covers the Services sector, focusing on stocks such as HireRight Holdings Corp, Vivint Smart Home, and ARAMARK Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for S&P Global with a $500.00 average price target, a 25.2% upside from current levels. In a report issued on February 9, BMO Capital also maintained a Buy rating on the stock with a $473.00 price target.
Based on S&P Global’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.09 billion and net profit of $675 million. In comparison, last year the company earned revenue of $1.87 billion and had a net profit of $454 million.
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S&P Global, Inc. provides transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through four segments: S&P Global Ratings, S&P Global Market Intelligence, S&P Global Platts and S&P Dow Jones Indices.
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