S&P Global Inc. (NYSE:SPGI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of S&P Global Inc. (NYSE:SPGI) have been assigned an average rating of “Moderate Buy” from the twelve research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $490.55.

A number of analysts have weighed in on SPGI shares. BMO Capital Markets upped their price target on S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Morgan Stanley upped their price target on S&P Global from $500.00 to $510.00 and gave the company an “overweight” rating in a research report on Friday, July 5th. UBS Group upped their price target on S&P Global from $505.00 to $555.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, June 21st. Finally, Oppenheimer boosted their price objective on S&P Global from $482.00 to $486.00 and gave the stock an “outperform” rating in a research note on Monday, July 1st.

Hedge Funds Weigh In On S&P Global

Several large investors have recently made changes to their positions in the company. Private Wealth Management Group LLC acquired a new position in S&P Global in the fourth quarter valued at about $26,000. Pineridge Advisors LLC acquired a new position in S&P Global in the fourth quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group lifted its stake in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after buying an additional 25 shares during the period. Hobbs Group Advisors LLC acquired a new position in S&P Global in the second quarter valued at about $31,000. Finally, First Pacific Financial lifted its stake in S&P Global by 49.0% in the second quarter. First Pacific Financial now owns 73 shares of the business services provider’s stock valued at $33,000 after buying an additional 24 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Stock Performance

SPGI opened at $487.32 on Thursday. The stock has a market cap of $152.48 billion, a PE ratio of 54.63, a P/E/G ratio of 2.72 and a beta of 1.16. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.33. S&P Global has a 1 year low of $340.49 and a 1 year high of $491.48. The stock’s 50 day simple moving average is $446.58 and its 200-day simple moving average is $435.41.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Sell-side analysts forecast that S&P Global will post 14.25 EPS for the current year.

S&P Global Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Tuesday, August 27th. S&P Global’s dividend payout ratio (DPR) is presently 40.81%.

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.