S&P Global (SPGI) Receives New Coverage from Analysts at Goldman Sachs Group
Equities research analysts at Goldman Sachs Group began coverage on shares of S&P Global (NYSE:SPGI) in a note issued to investors on Wednesday, November 14th, Marketbeat.com reports. The brokerage set a “buy” rating and a $225.00 price target on the business services provider’s stock. Goldman Sachs Group’s target price would suggest a potential upside of 33.03% from the stock’s current price.
Several other research firms have also recently commented on SPGI. Morgan Stanley upped their target price on shares of S&P Global from $217.00 to $219.00 and gave the company an “equal weight” rating in a research note on Friday, July 27th. BMO Capital Markets upped their target price on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research note on Friday, July 27th. Atlantic Securities cut shares of S&P Global from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Raymond James cut their target price on shares of S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. Finally, Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Nine research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $208.00.
NYSE SPGI traded down $4.35 during trading on Wednesday, reaching $169.14. The company’s stock had a trading volume of 2,727,431 shares, compared to its average volume of 1,527,632. 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 $43.53 billion, a PE ratio of 24.55, a price-to-earnings-growth ratio of 1.40 and a beta of 1.16. S&P Global has a 1-year low of $164.99 and a 1-year high of $217.31.
In other news, SVP Nancy Luquette sold 225 shares of the company’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 sale, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the business. Matthew Goff Investment Advisor LLC lifted its position in S&P Global by 2,325.0% during the 3rd quarter. Matthew Goff Investment Advisor LLC now owns 11,894,019 shares of the business services provider’s stock valued at $490,475,000 after purchasing an additional 11,403,544 shares during the period. Jennison Associates LLC lifted its position in S&P Global by 277.6% during the 3rd quarter. Jennison Associates LLC now owns 3,055,356 shares of the business services provider’s stock valued at $596,986,000 after purchasing an additional 2,246,219 shares during the period. Capital World Investors acquired a new position in S&P Global during the 3rd quarter valued at about $269,016,000. FMR LLC lifted its position in S&P Global by 6.4% during 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 purchasing an additional 642,229 shares during the period. Finally, Cornerstone Wealth Management LLC lifted its position in S&P Global by 2,342.0% during 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 purchasing an additional 580,687 shares during the period. 82.97% of the stock is currently owned by hedge funds and other institutional investors.
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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