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

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

SPGI has been the subject of a number of other research reports. Zacks Investment Research raised S&P Global from a sell rating to a hold rating in a research note on Friday, October 5th. Goldman Sachs Group started coverage on S&P Global in a research report on Wednesday, November 14th. They set a buy rating and a $225.00 price objective for the company. ValuEngine lowered S&P Global from a buy rating to a hold rating in a research report on Tuesday, October 9th. Wells Fargo & Co lowered their price target on S&P Global from $205.00 to $180.00 and set a market perform rating for the company in a research report on Friday, October 26th. Finally, Morgan Stanley set a $204.00 price target on S&P Global and gave the stock a hold rating in a research report on Thursday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $208.21.

Shares of S&P Global stock opened at $175.98 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.82. S&P Global has a 52-week low of $156.68 and a 52-week high of $217.31. The company has a market capitalization of $43.57 billion, a PE ratio of 25.54, a PEG ratio of 1.31 and a beta of 1.11.

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

In other news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total value of $41,289.75. Following the completion of the transaction, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is owned by insiders.

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

S&P Global Company Profile

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.

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

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