S&P Global Inc (SPGI) Receives Consensus Rating of “Hold” from Analysts
Shares of S&P Global Inc (NYSE:SPGI) have been assigned an average recommendation of “Hold” from the seventeen analysts that are currently covering the stock, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $206.46.
A number of brokerages have recently commented on SPGI. Raymond James cut their target price on shares of S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. BMO Capital Markets decreased their target price on shares of S&P Global from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Goldman Sachs Group began coverage on shares of S&P Global in a research report on Wednesday, November 14th. They issued a “buy” rating and a $225.00 price objective on the stock. Morgan Stanley set a $204.00 target price on shares of S&P Global and gave the company a “hold” rating in a report on Thursday, October 11th. Finally, Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research note on Friday, October 5th.
In other S&P Global news, SVP Nancy Luquette sold 225 shares of the firm’s 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 completion of the sale, the senior vice president now directly owns 306 shares in the company, valued at approximately $56,154.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.20% of the company’s stock.
SPGI stock traded down $2.67 during mid-day trading on Friday, hitting $170.82. 95,756 shares of the company were exchanged, compared to its average volume of 1,420,694. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.44. S&P Global has a 12-month low of $164.99 and a 12-month high of $217.31. The firm has a market cap of $44.56 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. Sell-side analysts anticipate that S&P Global will post 8.52 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 28th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. S&P Global’s dividend payout ratio (DPR) is 29.03%.
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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