S&P Global (NYSE:SPGI) had its price objective lowered by Wells Fargo & Co from $205.00 to $180.00 in a research report report published on Friday. The brokerage currently has a market perform rating on the business services provider’s stock.

Other equities research analysts have also issued reports about the company. Morgan Stanley increased their price target on S&P Global from $217.00 to $219.00 and gave the stock an equal weight rating in a research report on Friday, July 27th. Zacks Investment Research lowered S&P Global from a buy rating to a hold rating in a research report on Thursday, July 12th. BMO Capital Markets increased their price target on S&P Global from $209.00 to $214.00 and gave the stock a market perform rating in a research report on Friday, July 27th. Atlantic Securities lowered S&P Global from an overweight rating to a neutral rating in a research report on Wednesday, August 1st. Finally, Raymond James increased their price target on S&P Global from $206.00 to $218.00 and gave the stock an outperform rating in a research report on Tuesday, July 10th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $206.69.

NYSE SPGI opened at $171.41 on Friday. The company has a market cap of $43.11 billion, a P/E ratio of 24.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.19. S&P Global has a one year low of $153.25 and a one year high of $217.31. The company has a debt-to-equity ratio of 3.82, a quick ratio of 1.27 and a current ratio of 1.44.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.10. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. Analysts forecast that S&P Global will post 8.52 earnings per share for the current fiscal year.

In other S&P Global news, SVP Nancy Luquette sold 350 shares of the stock in a transaction on Wednesday, August 22nd. The stock was 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 in the company, valued at approximately $107,978.85. The sale was disclosed in a filing 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, August 15th. The shares were sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in SPGI. FMR LLC boosted its position in S&P Global by 6.4% in the 2nd quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock valued at $2,181,285,000 after buying an additional 642,229 shares during the last quarter. Cornerstone Wealth Management LLC boosted its position in S&P Global by 2,342.0% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 605,482 shares of the business services provider’s stock valued at $3,804,000 after buying an additional 580,687 shares during the last quarter. Renaissance Technologies LLC boosted its position in S&P Global by 29.5% in the 2nd quarter. Renaissance Technologies LLC now owns 1,677,100 shares of the business services provider’s stock valued at $341,944,000 after buying an additional 382,000 shares during the last quarter. Marshall Wace LLP boosted its position in S&P Global by 3,985.1% in the 2nd quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock valued at $79,476,000 after buying an additional 380,258 shares during the last quarter. Finally, Fred Alger Management Inc. boosted its position in S&P Global by 35.7% in the 2nd quarter. Fred Alger Management Inc. now owns 1,378,339 shares of the business services provider’s stock valued at $281,030,000 after buying an additional 362,556 shares during the last quarter. Hedge funds and other institutional investors own 83.70% 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.

See Also: Day Trading – Risk Worth the Reward?

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

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.