S&P Global Inc. (NYSE:SPGI) Receives $133.67 Consensus PT from Brokerages
Shares of S&P Global Inc. (NYSE:SPGI) have been given a consensus recommendation of “Buy” by the seven ratings firms that are presently covering the company. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $133.67.
A number of research firms recently commented on SPGI. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Argus upped their price objective on S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Barclays PLC upgraded S&P Global from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $140.00 to $145.00 in a research report on Wednesday, September 21st. Credit Suisse Group AG began coverage on S&P Global in a research report on Monday, July 11th. They set an “outperform” rating and a $123.00 price objective for the company. Finally, Cantor Fitzgerald reiterated a “buy” rating on shares of S&P Global in a research report on Friday, August 19th.
Shares of S&P Global (NYSE:SPGI) opened at 123.86 on Thursday. The stock’s 50 day moving average price is $124.02 and its 200-day moving average price is $112.41. The company has a market cap of $32.70 billion, a P/E ratio of 28.41 and a beta of 1.28. S&P Global has a 12 month low of $78.55 and a 12 month high of $128.40.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, July 28th. The company reported $1.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.10. S&P Global had a return on equity of 320.10% and a net margin of 21.32%. The firm earned $1.48 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the business earned $1.21 earnings per share. The company’s revenue was up 10.4% on a year-over-year basis. Equities research analysts expect that S&P Global will post $5.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 12th. Shareholders of record on Friday, August 26th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Wednesday, August 24th. S&P Global’s payout ratio is 32.95%.
In other S&P Global news, insider Finbarr J. Oneill sold 36,674 shares of the company’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $120.97, for a total value of $4,436,453.78. Following the completion of the sale, the insider now owns 50,772 shares in the company, valued at $6,141,888.84. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Nancy Luquette sold 500 shares of the company’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the sale, the senior vice president now owns 133 shares of the company’s stock, valued at approximately $16,369.64. The disclosure for this sale can be found here. 0.60% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. BNP Paribas Arbitrage SA bought a new stake in shares of S&P Global during the second quarter worth approximately $7,201,000. Pensionfund Sabic acquired a new position in S&P Global during the second quarter worth $1,984,000. Pensionfund DSM Netherlands acquired a new position in S&P Global during the second quarter worth $4,344,000. West Oak Capital LLC acquired a new position in S&P Global during the second quarter worth $139,000. Finally, Raymond James Trust N.A. acquired a new position in S&P Global during the second quarter worth $1,493,000. Institutional investors and hedge funds own 84.81% of the company’s stock.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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