S&P Global (NYSE:SPGI) Given New $633.00 Price Target at Wells Fargo & Company

S&P Global (NYSE:SPGI) had its price objective hoisted by investment analysts at Wells Fargo & Company from $617.00 to $633.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s target price indicates a potential upside of 19.38% from the company’s current price.

Other analysts also recently issued reports about the company. Stifel Nicolaus boosted their price target on S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a research note on Monday, October 28th. BMO Capital Markets boosted their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley lifted their price objective on S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Robert W. Baird lifted their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a report on Friday, October 25th. Finally, Evercore ISI lifted their price objective on S&P Global from $599.00 to $608.00 and gave the company an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $586.46.

S&P Global Stock Performance

Shares of NYSE SPGI traded down $10.27 during midday trading on Wednesday, hitting $530.24. 226,989 shares of the company’s stock were exchanged, compared to its average volume of 1,296,242. The company’s 50 day moving average price is $506.13 and its 200 day moving average price is $506.36. The firm has a market capitalization of $164.53 billion, a PE ratio of 46.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.20. S&P Global has a 12 month low of $407.69 and a 12 month high of $542.00. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same period in the prior year, the firm posted $3.13 earnings per share. As a group, analysts predict that S&P Global will post 15.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in S&P Global during the 3rd quarter worth $27,000. First Personal Financial Services bought a new stake in shares of S&P Global in the 3rd quarter valued at about $29,000. Human Investing LLC bought a new stake in shares of S&P Global in the 4th quarter valued at about $30,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter valued at about $31,000. Finally, Noble Wealth Management PBC bought a new stake in shares of S&P Global in the 4th quarter valued at about $31,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.