Raymond James Trims S&P Global (SPGI) Target Price to $209.00
S&P Global (NYSE:SPGI) had its price target reduced by Raymond James from $215.00 to $209.00 in a research note issued to investors on Tuesday morning. Raymond James currently has an outperform rating on the business services provider’s stock.
Other research analysts have also issued reports about the company. UBS Group reduced their price target on S&P Global from $242.00 to $241.00 and set a buy rating on the stock in a research report on Friday, September 21st. Goldman Sachs Group initiated coverage on S&P Global in a research report on Wednesday, November 14th. They issued a buy rating and a $225.00 price target on the stock. Morgan Stanley set a $202.00 price target on S&P Global and gave the stock a hold rating in a research report on Friday, October 26th. ValuEngine lowered S&P Global from a buy rating to a hold rating in a research report on Tuesday, October 9th. Finally, Zacks Investment Research upgraded S&P Global from a sell rating to a hold rating in a research report on Friday, October 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $208.21.
NYSE SPGI opened at $175.98 on Tuesday. The firm has a market capitalization of $43.57 billion, a PE ratio of 25.54, a PEG ratio of 1.31 and a beta of 1.11. S&P Global has a 52 week low of $156.68 and a 52 week high of $217.31. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82.
In other S&P Global news, SVP Nancy Luquette sold 225 shares of S&P Global stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total transaction of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares in the company, valued at $56,154.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Moody National Bank Trust Division acquired a new stake in shares of S&P Global in the 4th quarter valued at about $29,000. Capital Guardian Trust Co. acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $134,000. Advisory Research Inc. acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $200,000. Wealthsource Partners LLC acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $204,000. Finally, Independent Advisor Alliance acquired a new stake in shares of S&P Global in the 3rd quarter valued at about $211,000. 82.57% of the stock is currently owned by hedge funds and other 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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