UBS Group Issues Positive Forecast for S&P Global (NYSE:SPGI) Stock Price

S&P Global (NYSE:SPGI - Get Free Report) had its target price raised by equities research analysts at UBS Group from $610.00 to $640.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. UBS Group's price target suggests a potential upside of 20.06% from the company's previous close.

Other research analysts have also recently issued research reports about the company. StockNews.com upgraded S&P Global from a "hold" rating to a "buy" rating in a research note on Wednesday, February 12th. Evercore ISI boosted their price objective on S&P Global from $599.00 to $608.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 12th. Robert W. Baird boosted their price objective on S&P Global from $536.00 to $575.00 and gave the stock an "outperform" rating in a research note on Friday, October 25th. Oppenheimer dropped their target price on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research report on Friday, January 3rd. Finally, Wells Fargo & Company lifted their target price on S&P Global from $617.00 to $633.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $590.23.

S&P Global Trading Down 0.4 %

Shares of SPGI stock traded down $2.38 during mid-day trading on Tuesday, hitting $533.05. 1,335,113 shares of the company's stock were exchanged, compared to its average volume of 1,359,665. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market cap of $164.07 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.44 and a beta of 1.20. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $510.08 and a two-hundred day simple moving average of $509.03.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating analysts' consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the previous year, the company earned $3.13 EPS. Equities analysts expect that S&P Global will post 17.11 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Several institutional investors have recently made changes to their positions in SPGI. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in shares of S&P Global during the third quarter worth approximately $27,000. Anderson Financial Strategies LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $27,000. First Personal Financial Services acquired a new position in shares of S&P Global during the third quarter worth approximately $29,000. Finally, Human Investing LLC acquired a new position in shares of S&P Global during the fourth quarter worth approximately $30,000. 87.17% of the stock is owned by institutional investors.

S&P Global Company Profile

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.