BMO Capital Believes S&P Global Inc (NYSE: SPGI) Still Has Room to Grow

By Austin Angelo

BMO Capital analyst Jeffrey Silber reiterated a Buy rating on S&P Global Inc (NYSE: SPGI) on July 27 and set a price target of $164. The company’s shares closed yesterday at $153.47, close to its 52-week high of $158.35.

According to TipRanks.com, Silber is a top 100 analyst with an average return of 21.3% and a 73.1% success rate. Silber covers the Services sector, focusing on stocks such as AMN Healthcare Services Inc, Apollo Education Group Inc, and American Public Education.

Currently, the analyst consensus on S&P Global Inc is Strong Buy and the average price target is $155.83, representing a 1.5% upside.

In a report released yesterday, Cantor Fitzgerald also maintained a Buy rating on the stock with a $177 price target.

Based on S&P Global Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.51 billion and quarterly net profit of $421 million. In comparison, last year the company earned revenue of $1.48 billion and had a net profit of $383 million.

Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SPGI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices (Indices).