S&P Global Inc. (NYSE:SPGI) Receives $417.75 Average Target Price from Analysts

S&P Global Inc. (NYSE:SPGI) has been assigned an average rating of “Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $417.75.

SPGI has been the subject of a number of analyst reports. Robert W. Baird initiated coverage on S&P Global in a research report on Tuesday, April 27th. They set an “outperform” rating and a $437.00 price objective for the company. BMO Capital Markets boosted their price objective on S&P Global from $380.00 to $428.00 and gave the company an “outperform” rating in a research report on Wednesday, April 14th. Deutsche Bank Aktiengesellschaft initiated coverage on S&P Global in a research report on Wednesday, May 5th. They set a “buy” rating and a $435.00 price objective for the company. Stifel Nicolaus lifted their target price on S&P Global from $385.00 to $414.00 in a research note on Friday, April 9th. Finally, Raymond James lifted their target price on S&P Global from $402.00 to $410.00 and gave the company an “outperform” rating in a research note on Friday, April 30th.

Shares of SPGI opened at $399.52 on Friday. The firm has a market cap of $96.24 billion, a price-to-earnings ratio of 39.32, a price-to-earnings-growth ratio of 3.09 and a beta of 0.97. The business has a 50 day moving average price of $383.38. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 3.74. S&P Global has a 52 week low of $303.50 and a 52 week high of $401.27.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 29th. The business services provider reported $3.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $3.13 by $0.26. S&P Global had a return on equity of 490.35% and a net margin of 32.01%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. As a group, sell-side analysts forecast that S&P Global will post 12.72 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 10th. Stockholders of record on Friday, May 28th were paid a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Tuesday, May 25th. S&P Global’s dividend payout ratio is presently 26.35%.

In other news, CEO Douglas L. Peterson sold 7,000 shares of the business’s stock in a transaction on Friday, May 14th. The stock was sold at an average price of $379.05, for a total value of $2,653,350.00. Following the sale, the chief executive officer now owns 159,523 shares of the company’s stock, valued at approximately $60,467,193.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tealwood Asset Management Inc. acquired a new position in shares of S&P Global in the 1st quarter worth $1,521,000. Prentice Wealth Management LLC acquired a new position in shares of S&P Global in the 1st quarter worth $47,000. HM Payson & Co. grew its holdings in shares of S&P Global by 6.1% in the 1st quarter. HM Payson & Co. now owns 144,123 shares of the business services provider’s stock worth $50,857,000 after acquiring an additional 8,234 shares during the last quarter. Warren Averett Asset Management LLC grew its holdings in shares of S&P Global by 6.5% in the 1st quarter. Warren Averett Asset Management LLC now owns 724 shares of the business services provider’s stock worth $271,000 after acquiring an additional 44 shares during the last quarter. Finally, Fragasso Group Inc. acquired a new position in shares of S&P Global in the 1st quarter worth $3,458,000. 89.26% of the stock is currently owned by institutional investors.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

Further Reading: How is diluted EPS different from basic EPS?

Analyst Recommendations for S&P Global (NYSE:SPGI)

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