S&P Global Inc (SPGI) Receives $206.00 Average Price Target from Brokerages

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S&P Global Inc (NYSE:SPGI) has received a consensus rating of “Buy” from the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $206.00.

SPGI has been the subject of several recent research reports. Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a report on Friday, October 5th. ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Morgan Stanley set a $204.00 price objective on S&P Global and gave the company a “hold” rating in a report on Thursday, October 11th. Wells Fargo & Co decreased their price objective on S&P Global from $205.00 to $180.00 and set a “market perform” rating for the company in a report on Friday, October 26th. Finally, BMO Capital Markets decreased their price objective on S&P Global from $197.00 to $185.00 and set a “market perform” rating for the company in a report on Friday, October 26th.

SPGI stock opened at $189.01 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82. The stock has a market capitalization of $46.76 billion, a P/E ratio of 22.92, a PEG ratio of 1.42 and a beta of 1.11. S&P Global has a 1-year low of $156.68 and a 1-year high of $217.31.

In other S&P Global news, SVP Nancy Luquette sold 225 shares of the business’s stock in a transaction dated Monday, November 5th. The shares were sold at an average price of $183.51, for a total value of $41,289.75. Following the completion of the transaction, the senior vice president now directly owns 306 shares in the company, valued at $56,154.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Wetherby Asset Management Inc. raised its holdings in S&P Global by 2.9% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,806 shares of the business services provider’s stock worth $1,156,000 after purchasing an additional 194 shares in the last quarter. First Manhattan Co. raised its holdings in S&P Global by 1.3% in the fourth quarter. First Manhattan Co. now owns 160,914 shares of the business services provider’s stock worth $27,345,000 after purchasing an additional 2,055 shares in the last quarter. Ironvine Capital Partners LLC raised its holdings in S&P Global by 12.2% in the fourth quarter. Ironvine Capital Partners LLC now owns 100,310 shares of the business services provider’s stock worth $18,874,000 after purchasing an additional 10,934 shares in the last quarter. Advisor Partners LLC raised its holdings in S&P Global by 18.3% in the fourth quarter. Advisor Partners LLC now owns 7,125 shares of the business services provider’s stock worth $1,211,000 after purchasing an additional 1,100 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in S&P Global by 9.8% in the fourth quarter. D.A. Davidson & CO. now owns 59,471 shares of the business services provider’s stock worth $10,107,000 after purchasing an additional 5,292 shares in the last quarter. Institutional investors and hedge funds own 82.56% of the company’s stock.

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

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