S&P Global Inc. (SPGI) – What Are Analysts Thinking About This Stock?

S&P Global Inc. (NYSE:SPGI) has earned an average recommendation of “Moderate Buy” from the twenty research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and eighteen have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $523.35.

Several research analysts have recently weighed in on the stock. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research report on Saturday, September 5th. Barclays upped their price target on shares of S&P Global from $553.00 to $572.00 and gave the company an “overweight” rating in a research report on Monday, November 2nd. Citigroup raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the stock a “buy” rating in a research note on Wednesday, October 28th. BMO Capital Markets lowered their price objective on shares of S&P Global from $505.00 to $500.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research note on Friday, October 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Pingora Partners LLC acquired a new position in S&P Global during the second quarter valued at $29,000. James T. Borello RIA purchased a new stake in S&P Global in the 3rd quarter worth about $36,000. Richardson Financial Services Inc. lifted its stake in S&P Global by 225.8% in the 3rd quarter. Richardson Financial Services Inc. now owns 101 shares of the business services provider’s stock worth $40,000 after acquiring an additional 70 shares in the last quarter. WPG Advisers LLC boosted its position in S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock worth $41,000 after acquiring an additional 27 shares during the period. Finally, Fiduciary Financial Advisors acquired a new stake in S&P Global during the 2nd quarter worth about $46,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Trading Up 1.0%

SPGI traded up $4.82 during trading on Friday, reaching $473.33. The company had a trading volume of 1,005,778 shares, compared to its average volume of 1,890,148. The firm’s 50-day simple moving average is $428.62 and its 200 day simple moving average is $428.44. The company has a market cap of $137.22 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 2.21 and a beta of 1.03. S&P Global has a 12-month low of $381.61 and a 12-month high of $552.25. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.74 and a current ratio of 0.74.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a return on equity of 19.46% and a net margin of 32.21%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the previous year, the company earned $4.73 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that S&P Global will post 17.96 earnings per share for the current year.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Wednesday, November 25th. S&P Global’s dividend payout ratio (DPR) is 23.14%.

S&P Global Company Profile

S&P Global Inc. provides financial information, credit ratings, benchmarks, analytics and data to businesses, governments and investors around the world. Its services include credit ratings and research through S&P Global Ratings, financial data and analytics through S&P Global Market Intelligence, and information and benchmarks for energy and commodities markets through S&P Global Commodity Insights. The company also develops market indices through S&P Dow Jones Indices, a joint venture in which S&P Global is the majority owner, and provides data and analytics for the automotive industry through S&P Global Mobility.