S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

S&P Global (NYSE:SPGI) had its price objective boosted by equities research analysts at Wells Fargo & Company from $617.00 to $633.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target suggests a potential upside of 16.70% from the company’s current price.

Several other analysts have also issued reports on SPGI. JPMorgan Chase & Co. cut their price target on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Evercore ISI upped their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research report on Wednesday. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. 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 report on Thursday, December 12th. Finally, Oppenheimer dropped their target price on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $587.92.

S&P Global Stock Up 2.1 %

Shares of NYSE:SPGI opened at $542.44 on Wednesday. The firm has a fifty day moving average of $506.35 and a 200 day moving average of $506.53. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global has a 52-week low of $407.69 and a 52-week high of $542.77. The firm has a market capitalization of $168.32 billion, a PE ratio of 47.88, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. During the same quarter last year, the business earned $3.13 earnings per share. As a group, research analysts anticipate that S&P Global will post 15.34 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in shares of S&P Global during the third quarter valued at approximately $27,000. First Personal Financial Services bought a new position in shares of S&P Global during the third quarter valued at approximately $29,000. Human Investing LLC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $30,000. Capital Performance Advisors LLP bought a new position in shares of S&P Global during the third quarter valued at approximately $31,000. Finally, Noble Wealth Management PBC bought a new position in shares of S&P Global during the fourth quarter valued at approximately $31,000. 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.