ValuEngine lowered shares of S&P Global (NYSE:SPGI) from a buy rating to a hold rating in a research note published on Tuesday morning.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley raised their price objective on shares of S&P Global from $214.00 to $217.00 and gave the stock a $214.26 rating in a research report on Wednesday, July 18th. UBS Group cut their price objective on shares of S&P Global from $242.00 to $241.00 and set a buy rating for the company in a research report on Friday, September 21st. Zacks Investment Research upgraded shares of S&P Global from a hold rating to a buy rating and set a $228.00 price objective for the company in a research report on Monday, July 2nd. Stifel Nicolaus lifted their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a hold rating in a research report on Friday, July 27th. Finally, BMO Capital Markets lifted their price target on shares of S&P Global from $209.00 to $214.00 and gave the company a market perform rating in a research report on Friday, July 27th. Ten equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $205.86.

Shares of SPGI stock opened at $186.47 on Tuesday. The company has a debt-to-equity ratio of 5.75, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market cap of $49.14 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 1.83 and a beta of 1.20. S&P Global has a 12-month low of $153.25 and a 12-month high of $217.31.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, July 26th. The business services provider reported $2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $0.04. The firm had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 25.95% and a return on equity of 333.87%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $1.72 earnings per share. On average, sell-side analysts anticipate that S&P Global will post 8.52 EPS for the current fiscal year.

In related news, SVP Nancy Luquette sold 350 shares of S&P Global stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total value of $71,172.50. Following the transaction, the senior vice president now directly owns 531 shares of the company’s stock, valued at $107,978.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of S&P Global stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in SPGI. BB&T Securities LLC increased its stake in S&P Global by 9.5% in the first quarter. BB&T Securities LLC now owns 4,954 shares of the business services provider’s stock valued at $946,000 after acquiring an additional 428 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in S&P Global by 4.0% in the first quarter. Commonwealth Equity Services LLC now owns 26,540 shares of the business services provider’s stock valued at $5,071,000 after acquiring an additional 1,028 shares during the last quarter. First Foundation Advisors bought a new position in S&P Global in the first quarter valued at approximately $238,000. Blair William & Co. IL increased its stake in S&P Global by 16.0% in the first quarter. Blair William & Co. IL now owns 5,407 shares of the business services provider’s stock valued at $1,033,000 after acquiring an additional 746 shares during the last quarter. Finally, United Capital Financial Advisers LLC increased its stake in S&P Global by 14.1% in the first quarter. United Capital Financial Advisers LLC now owns 43,982 shares of the business services provider’s stock valued at $8,403,000 after acquiring an additional 5,444 shares during the last quarter. 83.51% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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