S&P Global (SPGI) Raised to Overweight at Atlantic Securities

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Atlantic Securities upgraded shares of S&P Global (NYSE:SPGI) from a neutral rating to an overweight rating in a research note issued to investors on Friday, MarketBeat reports. Atlantic Securities currently has $210.00 price target on the business services provider’s stock.

Other equities analysts have also issued reports about the stock. ValuEngine lowered shares of S&P Global from a buy rating to a hold rating in a report on Tuesday, October 9th. UBS Group decreased their target price on shares of S&P Global from $242.00 to $241.00 and set a buy rating on the stock in a report on Friday, September 21st. Morgan Stanley set a $204.00 target price on shares of S&P Global and gave the company a hold rating in a report on Thursday, October 11th. Zacks Investment Research lowered shares of S&P Global from a hold rating to a sell rating in a report on Monday, December 31st. Finally, Goldman Sachs Group assumed coverage on shares of S&P Global in a report on Wednesday, November 14th. They set a buy rating and a $225.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus price target of $208.21.

Shares of S&P Global stock opened at $175.98 on Friday. S&P Global has a twelve month low of $156.68 and a twelve month high of $217.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $43.57 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 1.31 and a beta of 1.11.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.58 billion. As a group, equities research analysts expect that S&P Global will post 8.49 EPS for the current fiscal year.

In related news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $183.51, for a total transaction of $41,289.75. Following the sale, the senior vice president now directly owns 306 shares of the company’s stock, valued at approximately $56,154.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of SPGI. Moody National Bank Trust Division acquired a new position in shares of S&P Global in the 4th quarter worth approximately $29,000. Capital Guardian Trust Co. acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $134,000. Advisory Research Inc. acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $200,000. Wealthsource Partners LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $204,000. Finally, Independent Advisor Alliance acquired a new position in shares of S&P Global during the 3rd quarter valued at $211,000. 82.57% of the stock is currently owned by hedge funds and other institutional investors.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

Further Reading: What is Considered a Good Return on Equity (ROE)?

Analyst Recommendations for S&P Global (NYSE:SPGI)

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