In a report released today, Manav Patnaik from Barclays maintained a Buy rating on S&P Global (SPGI – Research Report), with a price target of $520.00. The company’s shares closed yesterday at $415.50.
According to TipRanks, Patnaik is a 5-star analyst with an average return of 10.8% and a 62.79% success rate. Patnaik covers the Industrials sector, focusing on stocks such as WillScot Mobile Mini Holdings, Equifax, and Thomson Reuters.
S&P Global has an analyst consensus of Strong Buy, with a price target consensus of $495.53.
Based on S&P Global’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.49 billion and a net profit of $991 million. In comparison, last year the company earned a revenue of $3.16 billion and had a net profit of $795 million
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S&P Global (SPGI) Company Description:
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.
