S&P Global Inc. (SPGI) Receives $133.67 Consensus PT from Brokerages
Shares of S&P Global Inc. (NYSE:SPGI) have earned a consensus rating of “Buy” from the seven research firms that are currently covering the firm. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $133.67.
Several research analysts have recently issued reports on SPGI shares. Morgan Stanley reiterated an “equal weight” rating and issued a $120.00 price objective on shares of S&P Global in a report on Tuesday, July 19th. Cantor Fitzgerald set a $117.00 price objective on shares of S&P Global and gave the company a “buy” rating in a report on Thursday, July 28th. Argus increased their price objective on shares of S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a report on Wednesday, August 17th. Barclays PLC increased their target price on shares of S&P Global from $115.00 to $140.00 and gave the company an “overweight” rating in a research note on Tuesday, August 23rd. Finally, Macquarie started coverage on shares of S&P Global in a research note on Thursday, August 25th. They set an “outperform” rating and a $140.00 target price for the company.
Shares of S&P Global (NYSE:SPGI) opened at 125.46 on Thursday. The stock has a market capitalization of $32.51 billion, a PE ratio of 18.50 and a beta of 1.50. S&P Global has a 1-year low of $78.55 and a 1-year high of $128.40. The firm has a 50-day moving average of $123.97 and a 200 day moving average of $116.58.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, November 3rd. The company reported $1.43 EPS for the quarter, topping the consensus estimate of $1.34 by $0.09. S&P Global had a net margin of 32.24% and a return on equity of 378.19%. The firm earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. S&P Global’s quarterly revenue was up 8.8% on a year-over-year basis. On average, equities analysts anticipate that S&P Global will post $5.27 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be given a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $1.44 annualized dividend and a dividend yield of 1.15%. S&P Global’s dividend payout ratio (DPR) is presently 21.15%.
In related news, SVP Nancy Luquette sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, September 13th. The shares were sold at an average price of $123.08, for a total value of $61,540.00. Following the completion of the sale, the senior vice president now owns 133 shares in the company, valued at approximately $16,369.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Jacobus Wealth Management Inc. purchased a new stake in shares of S&P Global during the second quarter valued at approximately $107,000. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of S&P Global during the second quarter valued at approximately $113,000. Global X Management Co. LLC increased its stake in shares of S&P Global by 219.1% in the third quarter. Global X Management Co. LLC now owns 986 shares of the company’s stock valued at $125,000 after buying an additional 677 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co purchased a new stake in shares of S&P Global during the second quarter valued at approximately $129,000. Finally, West Oak Capital LLC purchased a new stake in shares of S&P Global during the second quarter valued at approximately $139,000. Institutional investors and hedge funds own 84.95% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.
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