Headlines about S&P Global (NYSE:SPGI) have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. S&P Global earned a coverage optimism score of -1.82 on their scale. InfoTrie also assigned headlines about the business services provider an news buzz score of 8 out of 10, meaning that recent news coverage is very likely to have an impact on the stock’s share price in the immediate future.
Here are some of the media stories that may have effected S&P Global’s ranking:
- S&P Global Ratings positive on Chen Lip Keong’s Naga3 gaming devt (msn.com)
- Robert Half (RHI) to Report Q1 Earnings: What's in Store? (finance.yahoo.com)
- S&P Global Inc (SPGI) Expected to Announce Quarterly Sales of $1.60 Billion (americanbankingnews.com)
- S&P Global (SPGI) Earning Somewhat Critical Media Coverage, Analysis Finds (americanbankingnews.com)
- S&P Global Inc (SPGI) Expected to Post Earnings of $2.11 Per Share (americanbankingnews.com)
SPGI has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective for the company in a report on Friday, January 11th. Raymond James cut their price target on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a report on Tuesday, January 8th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price target on shares of S&P Global and gave the stock a “hold” rating in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $212.18.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.20 by $0.02. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.60 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that S&P Global will post 9.03 earnings per share for the current year.
In related news, insider John L. Berisford sold 9,669 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $202.22, for a total transaction of $1,955,265.18. Following the sale, the insider now owns 26,344 shares of the company’s stock, valued at approximately $5,327,283.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,791 shares of the company’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $195.74, for a total transaction of $350,570.34. Following the sale, the chief executive officer now directly owns 17,354 shares in the company, valued at approximately $3,396,871.96. The disclosure for this sale can be found here. In the last three months, insiders sold 19,041 shares of company stock worth $3,805,815. Insiders own 0.20% of the company’s stock.
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S&P Global Company Profile
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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