S&P Global (SPGI) Earning Somewhat Positive Media Coverage, Study Shows

News coverage about S&P Global (NYSE:SPGI) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. S&P Global earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 46.2095628965893 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment’s scoring:

Shares of S&P Global (NYSE SPGI) traded up $0.69 during trading hours on Friday, hitting $166.17. The company had a trading volume of 1,050,000 shares, compared to its average volume of 1,190,000. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 4.00. The firm has a market cap of $42,370.00, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.00 and a beta of 1.51. S&P Global has a 1 year low of $107.21 and a 1 year high of $167.87.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.19. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The company’s quarterly revenue was up 5.1% on a year-over-year basis. During the same period last year, the company earned $1.43 EPS. sell-side analysts expect that S&P Global will post 6.64 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Tuesday, November 28th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Monday, November 27th. S&P Global’s payout ratio is 24.08%.

Several research analysts have recently commented on SPGI shares. UBS lifted their price target on S&P Global from $173.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Goldman Sachs Group reiterated a “neutral” rating and set a $176.00 price target on shares of S&P Global in a report on Wednesday, October 18th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a report on Monday, August 28th. Barclays lifted their price target on S&P Global from $160.00 to $170.00 and gave the stock an “overweight” rating in a report on Friday, September 15th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $177.00 price target on shares of S&P Global in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $168.27.

In related news, EVP Courtney Geduldig sold 1,404 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total transaction of $223,769.52. Following the completion of the sale, the executive vice president now directly owns 1,259 shares of the company’s stock, valued at approximately $200,659.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at $22,207,837.97. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 over the last three months. Corporate insiders own 0.20% of the company’s stock.

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About S&P Global

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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