UBS Group Boosts S&P Global (NYSE:SPGI) Price Target to $610.00

S&P Global (NYSE:SPGI) had its price target lifted by analysts at UBS Group from $605.00 to $610.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. UBS Group’s target price points to a potential upside of 24.34% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. Royal Bank of Canada raised their target price on shares of S&P Global from $500.00 to $552.00 and gave the company an “outperform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. cut 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 report on Friday. Evercore ISI started coverage on shares of S&P Global in a report on Wednesday, October 2nd. They set an “outperform” rating and a $599.00 price objective on the stock. Oppenheimer raised their price objective on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a report on Thursday, October 3rd. Finally, Robert W. Baird raised 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. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $569.77.

S&P Global Stock Down 0.5 %

NYSE:SPGI traded down $2.60 during mid-day trading on Friday, hitting $490.61. The stock had a trading volume of 949,976 shares, compared to its average volume of 1,198,444. The stock has a 50-day simple moving average of $513.83 and a two-hundred day simple moving average of $470.17. The company has a market capitalization of $153.56 billion, a PE ratio of 46.50, a PEG ratio of 2.76 and a beta of 1.18. S&P Global has a twelve month low of $340.49 and a twelve month high of $533.29. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The firm had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the company earned $3.21 earnings per share. On average, equities research analysts anticipate that S&P Global will post 14.79 EPS for the current year.

Insider Activity at S&P Global

In related news, insider Edouard Tavernier sold 500 shares of S&P Global stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total value of $245,775.00. Following the transaction, the insider now directly owns 13,217 shares in the company, valued at $6,496,816.35. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other S&P Global news, insider Edouard Tavernier sold 500 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $245,775.00. Following the sale, the insider now directly owns 13,217 shares in the company, valued at approximately $6,496,816.35. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Steven J. Kemps sold 2,700 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the sale, the executive vice president now owns 1,455 shares in the company, valued at $715,205.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,862 shares of company stock worth $8,645,727 in the last three months. Insiders own 0.10% of the company’s stock.

Institutional Investors Weigh In On S&P Global

Several institutional investors have recently made changes to their positions in the stock. Kingswood Wealth Advisors LLC raised its stake in shares of S&P Global by 16.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 1,047 shares of the business services provider’s stock worth $445,000 after buying an additional 145 shares during the last quarter. 180 Wealth Advisors LLC raised its stake in shares of S&P Global by 52.6% during the 1st quarter. 180 Wealth Advisors LLC now owns 769 shares of the business services provider’s stock worth $327,000 after buying an additional 265 shares during the last quarter. Vicus Capital acquired a new position in shares of S&P Global during the 1st quarter worth $429,000. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of S&P Global by 10.3% during the 1st quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 1,457 shares of the business services provider’s stock worth $620,000 after buying an additional 136 shares during the last quarter. Finally, Foguth Wealth Management LLC. acquired a new position in shares of S&P Global during the 1st quarter worth $205,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.