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

Shares of S&P Global Inc. (NYSE:SPGI) have earned an average recommendation of “Moderate Buy” from the fifteen brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $591.86.

A number of analysts have weighed in on SPGI shares. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Thursday, February 20th. Bank of America began coverage on S&P Global in a research report on Thursday, April 10th. They set a “buy” rating and a $600.00 price objective on the stock. Mizuho started coverage on S&P Global in a research report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 target price for the company. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research note on Friday, January 3rd. Finally, BMO Capital Markets upped their price objective on S&P Global from $576.00 to $590.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th.

S&P Global Trading Down 0.3 %

Shares of SPGI stock opened at $462.55 on Friday. S&P Global has a fifty-two week low of $407.69 and a fifty-two week high of $545.39. The stock’s fifty day moving average price is $499.33 and its two-hundred day moving average price is $504.61. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $145.17 billion, a PE ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period last year, the firm earned $3.13 EPS. Equities analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Wednesday, February 26th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend was Wednesday, February 26th. This is an increase from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 31.09%.

Institutional Trading of S&P Global

A number of institutional investors have recently bought and sold shares of the company. Minot DeBlois Advisors LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC bought a new stake in S&P Global in the fourth quarter worth approximately $27,000. Human Investing LLC acquired a new position in S&P Global in the fourth quarter valued at approximately $30,000. Noble Wealth Management PBC bought a new position in shares of S&P Global during the 4th quarter worth approximately $31,000. Finally, Hazlett Burt & Watson Inc. grew its position in shares of S&P Global by 131.0% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 67 shares of the business services provider’s stock worth $32,000 after buying an additional 38 shares during the period. Institutional investors own 87.17% of the company’s stock.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.