Somewhat Positive Media Coverage Somewhat Unlikely to Affect S&P Global (SPGI) Stock Price
News coverage about S&P Global (NYSE:SPGI) has been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. S&P Global earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.8241993256792 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- S&P Global Inc. (SPGI) Given Consensus Recommendation of “Buy” by Analysts (americanbankingnews.com)
- Brokerages Anticipate S&P Global Inc. (SPGI) to Post $1.51 EPS (americanbankingnews.com)
- Hedge Funds Exit Consumer Discretionary Sector in Q2, S&P Global Market Intelligence Quarterly Hedge Fund Tracker Finds (finance.yahoo.com)
- Kagan Releases Second Quarter U.S. Multichannel Subscriber Report (finance.yahoo.com)
- S&P Global (SPGI) Stock Upgraded to Buy: Here's Why (finance.yahoo.com)
Shares of S&P Global (NYSE:SPGI) traded up 0.09% during trading on Friday, reaching $150.10. The company’s stock had a trading volume of 1,615,666 shares. S&P Global has a 1-year low of $107.21 and a 1-year high of $158.35. The stock has a market capitalization of $38.58 billion, a price-to-earnings ratio of 17.49 and a beta of 1.52. The company’s 50-day moving average price is $150.57 and its 200 day moving average price is $138.54.
S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Analysts anticipate that S&P Global will post $6.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.09%. S&P Global’s payout ratio is currently 19.16%.
A number of research firms recently commented on SPGI. BMO Capital Markets lifted their price target on S&P Global from $161.00 to $164.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. UBS AG lifted their price target on S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price target (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $167.00 price target for the company in a research note on Monday, July 17th. Finally, Barclays PLC lifted their price target on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 28th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $153.73.
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In other S&P Global news, Director Marco Alvera bought 400 shares of the stock in a transaction that occurred on Tuesday, May 30th. The shares were acquired at an average price of $140.09 per share, with a total value of $56,036.00. Following the completion of the purchase, the director now directly owns 400 shares in the company, valued at approximately $56,036. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.20% of the company’s stock.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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