According to Zacks, “S&P Global’s first-quarter 2019 adjusted earnings came in line with the Zacks Consensus Estimate and increased year over year. Revenues lagged the consensus mark but improved marginally year over year. The company remains well poised to gain from growing demand for business information services. Acquisitions have helped it continuously innovate, increase differentiated content and develop new products. Effective management execution has resulted in significant amount of cash flow enabling it to continue with its growth initiatives and shareholder-friendly activities. The stock has outperformed the industry year to date. On the flip side, the company is remains vulnerable to proceedings, investigations and inquiries with respect to the ratings provided, leading to legal charges, damages or fines. Decline in global debt issuance has been weighing on the company’s top line. “
Other equities research analysts have also recently issued research reports about the company. UBS Group cut S&P Global from a buy rating to a neutral rating and boosted their price objective for the stock from $200.00 to $205.00 in a report on Friday, February 8th. Atlantic Securities upgraded 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. Barclays reduced their price objective on S&P Global from $220.00 to $205.00 and set an overweight rating for the company in a report on Monday, January 7th. Morgan Stanley set a $193.00 price objective on S&P Global and gave the stock a hold rating in a report on Wednesday, January 23rd. Finally, Raymond James reduced their price objective on S&P Global from $215.00 to $209.00 and set an outperform rating for the company in a report on Tuesday, January 8th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. S&P Global currently has a consensus rating of Buy and a consensus target price of $215.18.
S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. As a group, sell-side analysts predict that S&P Global will post 9.03 EPS for the current year.
In other news, SVP Nancy Luquette sold 2,200 shares of S&P Global stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total value of $477,070.00. Following the completion of the sale, the senior vice president now directly owns 2,340 shares in the company, valued at $507,429. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider John L. Berisford sold 9,669 shares of S&P Global 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 completion of the sale, the insider now owns 26,344 shares of the company’s stock, valued at $5,327,283.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,346 shares of company stock valued at $6,900,729. 0.20% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. We Are One Seven LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $28,000. Harvest Group Wealth Management LLC acquired a new position in S&P Global during the first quarter valued at approximately $28,000. Moody National Bank Trust Division acquired a new position in S&P Global during the fourth quarter valued at approximately $29,000. Legacy Bridge LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $30,000. Finally, Sontag Advisory LLC acquired a new position in S&P Global during the fourth quarter valued at approximately $31,000. Institutional investors own 83.96% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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