StockNews.com Upgrades S&P Global (NYSE:SPGI) to Buy

S&P Global (NYSE:SPGI) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms also recently issued reports on SPGI. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. UBS Group increased their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Evercore ISI increased their price objective on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday. Stifel Nicolaus increased their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. Finally, Wells Fargo & Company increased their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an “overweight” rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $587.92.

S&P Global Price Performance

Shares of SPGI stock opened at $542.44 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $168.32 billion, a P/E ratio of 47.88, a P/E/G ratio of 2.39 and a beta of 1.20. The company’s 50-day simple moving average is $506.35 and its two-hundred day simple moving average is $506.53. S&P Global has a one year low of $407.69 and a one year high of $542.77.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm earned $3.13 EPS. As a group, equities analysts anticipate that S&P Global will post 15.34 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPGI. Northwest Investment Counselors LLC purchased a new position in shares of S&P Global in the third quarter worth $27,000. First Personal Financial Services acquired a new stake in shares of S&P Global in the third quarter worth $29,000. Human Investing LLC acquired a new stake in shares of S&P Global in the fourth quarter worth $30,000. Capital Performance Advisors LLP acquired a new stake in shares of S&P Global in the third quarter worth $31,000. Finally, Noble Wealth Management PBC acquired a new stake in shares of S&P Global in the fourth quarter worth $31,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

About S&P Global

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.