Analysts at Stifel Nicolaus assumed coverage on shares of S&P Global (NYSE:SPGI) in a report issued on Tuesday, The Fly reports. The firm set a “hold” rating on the business services provider’s stock.
Several other research firms also recently commented on SPGI. Barclays reissued an “overweight” rating and issued a $190.00 price objective (up previously from $185.00) on shares of S&P Global in a report on Friday. Cantor Fitzgerald reissued a “buy” rating and issued a $177.00 price objective on shares of S&P Global in a report on Thursday, October 26th. BMO Capital Markets downgraded S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price objective for the company. in a report on Friday, October 27th. Wells Fargo & Company increased their price objective on S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, UBS increased their price objective on S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $168.73.
S&P Global (NYSE SPGI) traded up $1.09 during trading hours on Tuesday, reaching $172.00. The company’s stock had a trading volume of 1,017,492 shares, compared to its average volume of 1,117,895. S&P Global has a 52-week low of $107.21 and a 52-week high of $174.07. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 4.00. The firm has a market cap of $43,700.00, a P/E ratio of 26.71, a P/E/G ratio of 2.03 and a beta of 1.51.
In other S&P Global news, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the transaction, the executive vice president now owns 1,259 shares in the company, valued at approximately $200,659.42. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the transaction, the chief executive officer now owns 140,743 shares in the company, valued at approximately $22,207,837.97. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 in the last ninety days. Insiders own 0.20% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC increased its position in shares of S&P Global by 10.5% in the third quarter. Parametric Portfolio Associates LLC now owns 686,878 shares of the business services provider’s stock worth $107,366,000 after purchasing an additional 65,043 shares during the period. Public Employees Retirement System of Ohio boosted its stake in shares of S&P Global by 1.3% during the third quarter. Public Employees Retirement System of Ohio now owns 177,565 shares of the business services provider’s stock valued at $27,755,000 after purchasing an additional 2,214 shares in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new stake in shares of S&P Global during the third quarter valued at about $270,000. Americafirst Capital Management LLC acquired a new stake in shares of S&P Global during the third quarter valued at about $150,000. Finally, Cypress Capital Group boosted its stake in shares of S&P Global by 10.9% during the third quarter. Cypress Capital Group now owns 20,465 shares of the business services provider’s stock valued at $3,199,000 after purchasing an additional 2,015 shares in the last quarter. Hedge funds and other institutional investors own 84.95% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “S&P Global (SPGI) Earns Hold Rating from Analysts at Stifel Nicolaus” was originally posted by American Market News and is the property of of American Market News. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/19/sp-global-spgi-earns-hold-rating-from-analysts-at-stifel-nicolaus.html.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
