UBS Group Forecasts Strong Price Appreciation for S&P Global (NYSE:SPGI) Stock

S&P Global (NYSE:SPGI) had its target price lifted by UBS Group from $610.00 to $640.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 17.95% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the company. Morgan Stanley increased their target price on S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Wells Fargo & Company increased their price objective 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, February 12th. StockNews.com raised shares of S&P Global from a “hold” rating to a “buy” rating in a report on Wednesday, February 12th. Evercore ISI increased their price target on shares of S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Finally, Robert W. Baird boosted their price objective on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a report on Friday, October 25th. Two analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $590.23.

S&P Global Trading Down 0.2 %

Shares of NYSE SPGI opened at $542.61 on Tuesday. S&P Global has a 1 year low of $407.69 and a 1 year high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a 50-day moving average of $509.06 and a 200 day moving average of $508.41. The stock has a market cap of $167.02 billion, a P/E ratio of 43.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its 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 27.12% and a return on equity of 14.33%. During the same quarter last year, the business earned $3.13 earnings per share. As a group, sell-side analysts expect that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of S&P Global in the 4th quarter worth approximately $1,725,084,000. Raymond James Financial Inc. purchased a new stake in S&P Global during the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC raised its position in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock worth $308,525,000 after acquiring an additional 618,620 shares during the period. Northern Trust Corp boosted its stake in shares of S&P Global by 19.1% during the 4th quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider’s stock worth $1,631,568,000 after acquiring an additional 525,347 shares during the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of S&P Global by 174,815.4% during the 3rd quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock worth $241,274,000 after acquiring an additional 466,757 shares during the last quarter. 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.