S&P Global Inc. (NYSE:SPGI) Receives $571.31 Average PT from Brokerages

S&P Global Inc. (NYSE:SPGI) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $571.31.

Several research firms recently weighed in on SPGI. UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Barclays increased their price objective on shares of S&P Global from $550.00 to $610.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. JPMorgan Chase & Co. reduced their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Finally, BMO Capital Markets dropped their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th.

Hedge Funds Weigh In On S&P Global

Several hedge funds have recently modified their holdings of SPGI. HWG Holdings LP acquired a new position in S&P Global during the 2nd quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new stake in shares of S&P Global during the third quarter valued at $27,000. Sachetta LLC increased its position in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 30 shares during the period. First Personal Financial Services purchased a new position in S&P Global in the 3rd quarter worth $29,000. Finally, Hobbs Group Advisors LLC purchased a new position in S&P Global in the 2nd quarter worth $31,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $521.96 on Wednesday. The firm’s 50 day simple moving average is $509.20 and its 200-day simple moving average is $483.76. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global has a one year low of $407.69 and a one year high of $533.29. The firm has a market cap of $161.96 billion, a PE ratio of 46.07, a price-to-earnings-growth ratio of 2.63 and a beta of 1.18.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. S&P Global’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.21 earnings per share. As a group, equities analysts predict that S&P Global will post 15.24 EPS for the current year.

S&P Global Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.70%. S&P Global’s payout ratio is 32.13%.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.