Credit Suisse Group AG Reiterates Outperform Rating for S&P Global Inc. (SPGI)
S&P Global Inc. (NYSE:SPGI)‘s stock had its “outperform” rating reaffirmed by research analysts at Credit Suisse Group AG in a note issued to investors on Sunday. They presently have a $131.00 price target on the stock. Credit Suisse Group AG’s target price indicates a potential upside of 7.55% from the stock’s current price.
Several other equities research analysts have also recently weighed in on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Wednesday, September 21st. Argus increased their target price on shares of S&P Global from $120.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, August 17th. Barclays PLC upgraded shares of S&P Global from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $140.00 to $145.00 in a research note on Wednesday, September 21st. Cantor Fitzgerald reiterated a “buy” rating on shares of S&P Global in a research note on Friday, August 19th. Finally, Macquarie assumed coverage on shares of S&P Global in a research note on Thursday, August 25th. They issued an “outperform” rating and a $140.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $132.14.
Shares of S&P Global (NYSE:SPGI) opened at 121.80 on Friday. S&P Global has a 52-week low of $78.55 and a 52-week high of $128.40. The firm has a market capitalization of $31.56 billion, a P/E ratio of 17.96 and a beta of 1.50. The firm has a 50-day moving average price of $123.97 and a 200-day moving average price of $116.58.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, November 3rd. The company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ 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 business earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter last year, the company earned $1.19 earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global will post $5.26 EPS for the current year.
The firm 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. This represents a $1.44 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend is Wednesday, November 23rd. S&P Global’s dividend payout ratio (DPR) is presently 21.15%.
In related news, SVP Nancy Luquette sold 500 shares of the stock in a transaction dated 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 transaction, the senior vice president now owns 133 shares of the company’s stock, valued at $16,369.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of SPGI. Global X Management Co. LLC raised its position in 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. Jacobus Wealth Management Inc. acquired a new position in S&P Global during the second quarter valued at about $107,000. Robecosam AG acquired a new position in S&P Global during the third quarter valued at about $125,000. Fuller & Thaler Asset Management Inc. acquired a new position in S&P Global during the second quarter valued at about $113,000. Finally, IMS Capital Management acquired a new position in S&P Global during the third quarter valued at about $139,000. 85.43% of the stock is owned by hedge funds and other institutional investors.
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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