S&P Global Inc. (SPGI) Price Target Increased to $164.00 by Analysts at BMO Capital Markets
S&P Global Inc. (NYSE:SPGI) had its target price lifted by BMO Capital Markets from $161.00 to $164.00 in a research note published on Friday morning. BMO Capital Markets currently has an outperform rating on the business services provider’s stock.
Other equities research analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated an overweight rating and set a $153.00 price objective (up previously from $139.00) on shares of S&P Global in a research note on Wednesday, April 26th. Zacks Investment Research cut S&P Global from a buy rating to a hold rating in a research note on Wednesday, July 12th. Raymond James Financial, Inc. upgraded S&P Global from a market perform rating to an outperform rating and set a $143.00 price objective on the stock in a research note on Monday, April 17th. Argus reiterated a buy rating and set a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Finally, Morgan Stanley reiterated an equal weight rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $153.82.
S&P Global (NYSE SPGI) opened at 153.59 on Friday. The company’s 50-day moving average is $149.06 and its 200 day moving average is $135.56. The company has a market cap of $39.47 billion, a price-to-earnings ratio of 17.89 and a beta of 1.52. S&P Global has a 12 month low of $107.21 and a 12 month high of $158.35.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm posted $1.44 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts forecast that S&P Global will post $6.25 earnings per share for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s payout ratio is 19.16%.
In related news, Director Marco Alvera bought 400 shares of S&P Global stock in a transaction dated Tuesday, May 30th. The shares were bought at an average cost of $140.09 per share, with a total value of $56,036.00. Following the acquisition, the director now owns 400 shares in the company, valued at approximately $56,036. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.20% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC bought a new stake in S&P Global during the first quarter valued at about $101,000. American Beacon Advisors Inc. bought a new stake in S&P Global during the first quarter valued at about $103,000. State of Alaska Department of Revenue bought a new stake in S&P Global during the first quarter valued at about $125,000. Parallel Advisors LLC raised its stake in S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock valued at $131,000 after buying an additional 50 shares during the period. Finally, Guardian Life Insurance Co. of America raised its stake in S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock valued at $131,000 after buying an additional 10 shares during the period. 85.94% of the stock is currently owned by institutional investors.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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