UBS Group Boosts S&P Global (NYSE:SPGI) Price Target to $575.00

S&P Global (NYSE:SPGI) had its target price upped by equities research analysts at UBS Group from $555.00 to $575.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. UBS Group’s target price would indicate a potential upside of 15.12% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Thursday, February 20th. Evercore ISI increased their target price on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a research note on Wednesday, February 12th. Bank of America started coverage on shares of S&P Global in a report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. Robert W. Baird decreased their price target on shares of S&P Global from $616.00 to $589.00 and set an “outperform” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on S&P Global from $633.00 to $607.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $592.71.

S&P Global Price Performance

NYSE SPGI opened at $499.49 on Wednesday. The company has a 50-day moving average price of $488.87 and a two-hundred day moving average price of $502.30. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The stock has a market cap of $156.76 billion, a price-to-earnings ratio of 40.44, a price-to-earnings-growth ratio of 2.41 and a beta of 1.26. S&P Global has a 52 week low of $408.84 and a 52 week high of $545.39.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.23 by $0.14. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter last year, the firm posted $4.01 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. Analysts forecast that S&P Global will post 17.11 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Minot DeBlois Advisors LLC bought a new stake in S&P Global during the 4th quarter valued at approximately $25,000. Anderson Financial Strategies LLC purchased a new stake in S&P Global during the 4th quarter valued at $27,000. Smallwood Wealth Investment Management LLC bought a new stake in S&P Global during the first quarter valued at about $28,000. Human Investing LLC purchased a new position in S&P Global in the 4th quarter worth approximately $30,000. Finally, Noble Wealth Management PBC bought a new stake in shares of S&P Global in the fourth quarter worth about $31,000. 87.17% of the stock is owned by institutional investors.

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.