S&P Global Inc (NYSE:SPGI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of S&P Global Inc (NYSE:SPGI) have been given an average recommendation of “Buy” by the fifteen brokerages that are presently covering the company, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $252.23.

Several brokerages have weighed in on SPGI. Cantor Fitzgerald upped their price target on S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. UBS Group increased their price objective on S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Atlantic Securities downgraded S&P Global from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $220.00 to $260.00 in a report on Tuesday, August 6th. Stifel Nicolaus increased their price objective on S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Finally, Zacks Investment Research upgraded S&P Global from a “sell” rating to a “hold” rating in a report on Monday, May 6th.

In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $254.83, for a total value of $1,528,980.00. Following the completion of the sale, the chief executive officer now directly owns 163,731 shares of the company’s stock, valued at approximately $41,723,570.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Nicholas Cafferillo sold 9,911 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the sale, the insider now directly owns 7,454 shares of the company’s stock, valued at $1,885,489.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 23,425 shares of company stock worth $5,898,602. Company insiders own 0.20% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $25,000. Meridian Wealth Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $26,000. Coastal Investment Advisors Inc. lifted its position in S&P Global by 409.1% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 112 shares of the business services provider’s stock worth $26,000 after acquiring an additional 90 shares during the period. Coastal Capital Group Inc. acquired a new stake in S&P Global during the 2nd quarter worth approximately $27,000. Finally, Harvest Group Wealth Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $28,000. 82.79% of the stock is owned by hedge funds and other institutional investors.

NYSE SPGI traded up $3.38 during trading hours on Wednesday, hitting $264.62. 1,133,600 shares of the company were exchanged, compared to its average volume of 1,189,684. The company has a 50 day moving average of $246.27 and a two-hundred day moving average of $220.34. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 7.52. S&P Global has a 52-week low of $156.68 and a 52-week high of $265.63. The firm has a market cap of $64.91 billion, a price-to-earnings ratio of 31.13, a PEG ratio of 2.79 and a beta of 1.08.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.28 by $0.15. S&P Global had a return on equity of 341.54% and a net margin of 31.02%. The company had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the prior year, the business earned $2.17 EPS. S&P Global’s revenue was up 5.9% on a year-over-year basis. On average, equities research analysts predict that S&P Global will post 9.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.57 dividend. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.86%. S&P Global’s payout ratio is currently 26.82%.

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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Analyst Recommendations for S&P Global (NYSE:SPGI)

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