S&P Global (NYSE:SPGI) Downgraded by StockNews.com to “Hold”

S&P Global (NYSE:SPGI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

SPGI has been the subject of several other research reports. Citigroup started coverage on S&P Global in a research report on Friday, December 20th. They issued a “buy” rating and a $600.00 price objective for the company. JPMorgan Chase & Co. cut their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a report on Friday, October 25th. Evercore ISI raised 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 report on Wednesday, February 12th. UBS Group boosted their target price on shares of S&P Global from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird increased their price target on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Three research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Down 0.4 %

SPGI opened at $533.05 on Thursday. The firm 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 debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm’s 50-day simple moving average is $510.08 and its 200-day simple moving average is $509.03. S&P Global has a twelve month low of $407.69 and a twelve month high of $545.39.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping 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 in the previous year, the business earned $3.13 EPS. Equities research analysts anticipate that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently made changes to their positions in the stock. Swedbank AB increased its stake in S&P Global by 11.8% in the third quarter. Swedbank AB now owns 871,588 shares of the business services provider’s stock valued at $450,280,000 after purchasing an additional 92,115 shares in the last quarter. Howard Capital Management Group LLC increased its stake in S&P Global by 3.2% during the 3rd quarter. Howard Capital Management Group LLC now owns 911 shares of the business services provider’s stock worth $471,000 after purchasing an additional 28 shares in the last quarter. Foundations Investment Advisors LLC raised its holdings in S&P Global by 4.5% during the 3rd quarter. Foundations Investment Advisors LLC now owns 2,228 shares of the business services provider’s stock worth $1,151,000 after buying an additional 95 shares during the period. Sequoia Financial Advisors LLC raised its holdings in S&P Global by 13.7% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 5,576 shares of the business services provider’s stock worth $2,881,000 after buying an additional 674 shares during the period. Finally, Stanley Laman Group Ltd. bought a new position in S&P Global in the third quarter valued at approximately $227,000. 87.17% of the stock is owned by institutional investors and hedge funds.

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.