UBS Group Increases S&P Global (NYSE:SPGI) Price Target to $640.00

S&P Global (NYSE:SPGI) had its price target upped by research analysts at UBS Group from $610.00 to $640.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 18.57% from the stock’s previous close.

Several other research firms have also recently issued reports on SPGI. Stifel Nicolaus lifted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Oppenheimer decreased their price objective on shares of S&P Global from $590.00 to $580.00 and set an “outperform” rating for the company in a research report on Friday, January 3rd. Morgan Stanley lifted their price objective on shares of S&P Global from $595.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research note on Wednesday, February 12th. Finally, Evercore ISI boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and an average price target of $590.23.

S&P Global Stock Performance

NYSE:SPGI opened at $539.77 on Tuesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock has a market capitalization of $167.49 billion, a P/E ratio of 47.64, a PEG ratio of 2.39 and a beta of 1.20. The company has a 50 day moving average price of $507.92 and a 200 day moving average price of $507.77.

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, topping the consensus estimate 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 previous year, the company posted $3.13 earnings per share. Equities research analysts forecast that S&P Global will post 15.34 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC acquired a new position in S&P Global during the fourth quarter worth about $25,000. Northwest Investment Counselors LLC acquired a new position in S&P Global during the third quarter worth about $27,000. Anderson Financial Strategies LLC acquired a new position in S&P Global during the fourth quarter worth about $27,000. First Personal Financial Services acquired a new position in S&P Global during the third quarter worth about $29,000. Finally, Human Investing LLC acquired a new position in S&P Global during the fourth quarter worth about $30,000. 87.17% of the stock is owned by hedge funds and other 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.