S&P Global (NYSE:SPGI) Given New $633.00 Price Target at Wells Fargo & Company

S&P Global (NYSE:SPGI) had its target price upped by research analysts at Wells Fargo & Company from $617.00 to $633.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 19.38% from the stock’s current price.

A number of other equities analysts have also recently issued reports on SPGI. Morgan Stanley raised their target price on S&P Global from $570.00 to $595.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Citigroup initiated coverage on S&P Global in a research note on Friday, December 20th. They issued a “buy” rating and a $600.00 target price for the company. Evercore ISI raised their price target on S&P Global from $599.00 to $608.00 and gave the stock an “outperform” rating in a research report on Wednesday. JPMorgan Chase & Co. dropped their price target on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Oppenheimer dropped their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $586.46.

S&P Global Trading Down 1.9 %

NYSE SPGI traded down $10.27 on Wednesday, reaching $530.24. The company had a trading volume of 226,989 shares, compared to its average volume of 1,296,242. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a 52 week low of $407.69 and a 52 week high of $542.00. The stock has a market cap of $164.53 billion, a price-to-earnings ratio of 46.80, a PEG ratio of 2.39 and a beta of 1.20. The stock’s 50 day moving average is $506.13 and its 200-day moving average is $506.36.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter in the previous year, the company earned $3.13 EPS. Equities analysts predict that S&P Global will post 15.34 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPGI. Norges Bank bought a new position in S&P Global in the fourth quarter valued at approximately $1,725,084,000. Raymond James Financial Inc. bought a new position in S&P Global in the fourth quarter valued at approximately $527,207,000. Proficio Capital Partners LLC grew its stake in S&P Global by 71,024.1% in the fourth quarter. Proficio Capital Partners LLC now owns 619,491 shares of the business services provider’s stock valued at $308,525,000 after purchasing an additional 618,620 shares in the last quarter. International Assets Investment Management LLC grew its stake in S&P Global by 174,815.4% in the third quarter. International Assets Investment Management LLC now owns 467,024 shares of the business services provider’s stock valued at $241,274,000 after purchasing an additional 466,757 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in S&P Global in the third quarter valued at approximately $224,976,000. 87.17% of the stock is currently owned by institutional investors.

S&P Global Company Profile

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.