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

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

Several other analysts have also commented on SPGI. 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 research report on Wednesday, February 12th. 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 report on Friday, October 25th. Stifel Nicolaus raised their target price 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. StockNews.com upgraded shares of S&P Global from a “hold” rating to a “buy” rating in a research report on Wednesday, February 12th. Finally, BMO Capital Markets raised their target price on shares of S&P Global from $576.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $590.23.

S&P Global Trading Down 0.5 %

Shares of SPGI opened at $539.77 on Tuesday. The firm’s 50-day moving average is $507.92 and its two-hundred day moving average is $507.77. The firm 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. S&P Global has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 EPS for the quarter, beating 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 period last year, the firm earned $3.13 EPS. On average, research analysts predict that S&P Global will post 15.34 earnings per share for the current fiscal year.

Hedge Funds Weigh In On S&P Global

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