News articles about S&P Global (NYSE:SPGI) have trended somewhat positive on Saturday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. S&P Global earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 46.0432802564923 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Monday, July 17th. UBS AG raised their price target on S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. Cantor Fitzgerald reissued an “overweight” rating and set a $153.00 target price (up previously from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. BMO Capital Markets lifted their target price on S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a report on Friday, July 14th. Finally, Raymond James Financial, Inc. upgraded S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 price target on the stock in a research report on Monday, April 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $153.82.
Shares of S&P Global (NYSE:SPGI) opened at 148.41 on Friday. The company’s 50-day moving average price is $149.99 and its 200 day moving average price is $137.44. S&P Global has a one year low of $107.21 and a one year high of $158.35. The company has a market cap of $38.14 billion, a P/E ratio of 17.29 and a beta of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.46 billion. During the same quarter in the previous year, the company posted $1.44 earnings per share. S&P Global’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, equities research analysts anticipate that S&P Global will post $6.34 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th will be given a $0.41 dividend. The ex-dividend date is Thursday, August 24th. This represents a $1.64 annualized dividend and a dividend yield of 1.11%. S&P Global’s payout ratio is 19.16%.
In other S&P Global news, Director Marco Alvera acquired 400 shares of the stock in a transaction dated Tuesday, May 30th. The shares were acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the transaction, the director now directly owns 400 shares of the company’s stock, valued at $56,036. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.20% of the stock is owned by insiders.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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