S&P Global (NYSE:SPGI)‘s stock had its “overweight” rating restated by stock analysts at Piper Jaffray Companies in a research note issued on Tuesday, Marketbeat reports. They presently have a $229.00 target price on the business services provider’s stock, up from their prior target price of $224.00. Piper Jaffray Companies’ target price suggests a potential upside of 25.87% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. Credit Suisse Group increased their price target on S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald raised their target price on S&P Global from $190.00 to $196.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. Barclays raised their target price on S&P Global from $190.00 to $205.00 and gave the company an “overweight” rating in a research report on Wednesday, February 7th. BMO Capital Markets raised their target price on S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a research report on Wednesday, February 7th. Finally, Morgan Stanley raised their target price on S&P Global from $192.00 to $198.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 7th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $186.64.
Shares of S&P Global (NYSE:SPGI) traded up $1.58 during mid-day trading on Tuesday, reaching $181.94. The company’s stock had a trading volume of 1,497,324 shares, compared to its average volume of 1,341,717. The stock has a market capitalization of $45,067.25, a P/E ratio of 31.48, a P/E/G ratio of 1.67 and a beta of 1.52. The company has a quick ratio of 1.52, a current ratio of 1.35 and a debt-to-equity ratio of 4.13. S&P Global has a 52 week low of $126.21 and a 52 week high of $185.38.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.20% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the stock. Korea Investment CORP increased its holdings in shares of S&P Global by 11.1% in the third quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after purchasing an additional 30,900 shares during the last quarter. Prudential Financial Inc. increased its stake in S&P Global by 3.4% during the third quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock worth $225,392,000 after acquiring an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd acquired a new stake in S&P Global during the fourth quarter worth $66,273,000. Twin Capital Management Inc. increased its stake in S&P Global by 90.5% during the fourth quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock worth $9,500,000 after acquiring an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in S&P Global during the third quarter worth $23,854,000. 85.21% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This story was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of U.S. and international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/13/sp-global-spgi-rating-reiterated-by-piper-jaffray-companies.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.
Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.