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

Share on StockTwits

S&P Global Inc (NYSE:SPGI) has been given an average recommendation of “Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $264.83.

A number of research firms have recently weighed in on SPGI. Edward Jones started coverage on shares of S&P Global in a research report on Wednesday, September 11th. They issued a “buy” rating for the company. Morgan Stanley reduced their price objective on shares of S&P Global from $262.00 to $257.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Jefferies Financial Group began coverage on shares of S&P Global in a research report on Thursday, November 21st. They set a “buy” rating and a $298.00 target price on the stock. ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets boosted their price target on S&P Global to $266.00 in a report on Wednesday, October 30th.

In other S&P Global news, CFO Ewout L. Steenbergen sold 1,760 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $254.56, for a total transaction of $448,025.60. Following the completion of the sale, the chief financial officer now owns 8,534 shares of the company’s stock, valued at $2,172,415.04. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,098 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $262.10, for a total value of $287,785.80. Following the sale, the chief executive officer now directly owns 20,465 shares of the company’s stock, valued at approximately $5,363,876.50. The disclosure for this sale can be found here. Insiders sold 6,077 shares of company stock worth $1,565,992 over the last three months. Corporate insiders own 0.20% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. KBC Group NV increased its position in S&P Global by 6.6% during the 2nd quarter. KBC Group NV now owns 144,199 shares of the business services provider’s stock worth $32,847,000 after purchasing an additional 8,984 shares in the last quarter. Coastal Investment Advisors Inc. boosted 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 purchasing an additional 90 shares during the period. Advisory Services Network LLC boosted its position in S&P Global by 30.5% during the 2nd quarter. Advisory Services Network LLC now owns 812 shares of the business services provider’s stock worth $185,000 after purchasing an additional 190 shares during the period. Sigma Planning Corp purchased a new stake in S&P Global during the 2nd quarter worth $365,000. Finally, Meeder Asset Management Inc. increased its holdings in S&P Global by 4,266.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 262 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 256 shares in the last quarter. Institutional investors own 82.60% of the company’s stock.

Shares of SPGI traded up $1.13 during trading hours on Tuesday, reaching $272.50. 363,043 shares of the company traded hands, compared to its average volume of 1,204,111. The stock has a market capitalization of $66.34 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.89 and a beta of 1.06. The stock has a fifty day simple moving average of $265.86 and a 200 day simple moving average of $251.04. S&P Global has a fifty-two week low of $156.68 and a fifty-two week high of $275.75. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.91.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 29th. The business services provider reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.34 by $0.12. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. During the same quarter in the previous year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. Research analysts predict that S&P Global will post 9.39 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th were given a $0.57 dividend. The ex-dividend date was Monday, November 25th. This represents a $2.28 annualized dividend and a dividend yield of 0.84%. S&P Global’s dividend payout ratio is presently 26.82%.

About S&P Global

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).

See Also: How to calculate compound interest

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.