S&P Global (NYSE:SPGI) was downgraded by equities research analysts at UBS Group from a “buy” rating to a “neutral” rating in a report released on Friday, The Fly reports.
A number of other equities analysts also recently issued reports on SPGI. Zacks Investment Research downgraded S&P Global from a “hold” rating to a “sell” rating in a research note on Monday. Morgan Stanley set a $193.00 price target on S&P Global and gave the stock a “hold” rating in a research note on Wednesday, January 23rd. ValuEngine upgraded S&P Global from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. Raymond James dropped their price target on S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a research note on Friday, October 26th. Finally, Barclays dropped their price target on S&P Global from $220.00 to $205.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. S&P Global has an average rating of “Hold” and an average price target of $207.33.
S&P Global stock opened at $195.00 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. The company has a market capitalization of $48.41 billion, a P/E ratio of 28.30, a P/E/G ratio of 1.46 and a beta of 1.15. S&P Global has a twelve month low of $156.68 and a twelve month high of $217.31.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.02. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. The firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.85 EPS. On average, analysts expect that S&P Global will post 8.47 EPS for the current fiscal year.
A number of institutional investors have recently made changes to their positions in SPGI. We Are One Seven LLC bought a new stake in S&P Global during the fourth quarter valued at about $28,000. Moody National Bank Trust Division bought a new stake in S&P Global during the fourth quarter valued at about $29,000. Legacy Bridge LLC bought a new stake in S&P Global during the fourth quarter valued at about $30,000. Legacy Financial Advisors Inc. raised its holdings in S&P Global by 157.0% during the fourth quarter. Legacy Financial Advisors Inc. now owns 203 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 124 shares during the period. Finally, Athena Capital Advisors LLC bought a new stake in S&P Global during the fourth quarter valued at about $35,000. 82.66% of the stock is currently owned by 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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