S&P Global (SPGI) – Research Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for S&P Global (NYSE: SPGI):

  • 2/7/2018 – S&P Global had its price target raised by analysts at Credit Suisse Group AG from $183.00 to $222.00. They now have an “outperform” rating on the stock.
  • 2/7/2018 – S&P Global had its price target raised by analysts at Cantor Fitzgerald from $190.00 to $196.00. They now have an “overweight” rating on the stock.
  • 2/7/2018 – S&P Global had its price target raised by analysts at Barclays PLC from $190.00 to $205.00. They now have an “overweight” rating on the stock.
  • 2/7/2018 – S&P Global had its price target raised by analysts at BMO Capital Markets from $183.00 to $186.00. They now have a “market perform” rating on the stock.
  • 2/7/2018 – S&P Global had its price target raised by analysts at Morgan Stanley from $192.00 to $198.00. They now have an “equal weight” rating on the stock.
  • 2/7/2018 – S&P Global was downgraded by analysts at Susquehanna Bancshares Inc from a “positive” rating to a “neutral” rating.
  • 1/23/2018 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $204.00 price target on the stock. According to Zacks, “The company has been consistently making strategic investments in businesses to facilitate long-term profitability. The company is focused on its core business that would help it emerge as a leader among rating providers, benchmark providers, and analytics in the global capital and commodity markets. Opportune acquisitions and positive industry trends like surge of new high-yield bonds and leveraged loans, fuelled by tight interest-rate spreads, augur well for long-term growth. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with growth in M&A. The company also outperformed the industry in the last three months. However, various lawsuits have hampered the credibility of the company and adversely impacted its financial results.”
  • 1/22/2018 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. This apart, opportune acquisitions and positive industry trends augur well for future. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with growth in M&A. The company also outperformed the industry in the last three months. However, various lawsuits have hampered the credibility of the company and adversely impacted its financial results. S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Stiff competition from other players in the industry remains another challenge.”
  • 1/12/2018 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. This apart, opportune acquisitions and positive industry trends augur well for future. The acquisition of SNL Financial is likely to complement the S&P Capital IQ and Platts businesses, enabling them to avail cost cuts and generate revenue synergies. The company also outperformed the industry in the last three months. However, various lawsuits have hampered the credibility of the company and adversely impacted its financial results. S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. Stiff competition could further hurt S&P Global’s market share, and in turn weigh upon the top line and strain margins.”
  • 1/11/2018 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $197.00 price target on the stock. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. This apart, opportune acquisitions and positive industry trends augur well for future. The acquisition of SNL Financial is likely to complement the S&P Capital IQ and Platts businesses. Moreover, it will enable global expansion on a greater scale especially within the banking and insurance sectors, while media and real estate areas are likely to emerge as new opportunities. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy and positive growth in M&A. The company also outperformed the industry in the last three months. However, various lawsuits have hampered the credibility of the company and adversely impacted its financial results.”
  • 1/11/2018 – S&P Global is now covered by analysts at Nomura. They set a “neutral” rating and a $160.00 price target on the stock.
  • 1/10/2018 – S&P Global had its price target raised by analysts at Piper Jaffray Companies from $150.00 to $168.00. They now have an “overweight” rating on the stock.
  • 1/5/2018 – S&P Global was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $188.00 price target on the stock. According to Zacks, “S&P Global’s strategic portfolio restructuring initiatives and focus on core business are likely to drive growth. The acquisition of SNL Financial is likely to complement the S&P Capital IQ and Platts businesses. The company’s Standard & Poor's Ratings Services appears to be a long-term growth driver as corporate and U.S. structured finance issuance is picking up momentum with increasing capital infusion in the economy as well as positive growth in M&A activity. The company also outperformed the industry in the last three months. However, S&P Global’s performance is likely to be hurt by lower volume of debt securities issued in the capital markets. Several lawsuits have also hampered the credibility of the company and adversely impacted its financial results. Stiff industry competition is further likely to weigh upon the top line and strain margins.”
  • 12/19/2017 – S&P Global is now covered by analysts at Stifel Nicolaus. They set a “hold” rating and a $186.00 price target on the stock.
  • 12/15/2017 – S&P Global had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $190.00 price target on the stock, up previously from $185.00.

Shares of S&P Global Inc (NYSE:SPGI) opened at $180.36 on Tuesday. S&P Global Inc has a fifty-two week low of $125.46 and a fifty-two week high of $185.38. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. The company has a market cap of $45,990.00, a PE ratio of 31.20, a price-to-earnings-growth ratio of 1.67 and a beta of 1.52.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.28 EPS. The company’s revenue was up 13.6% on a year-over-year basis. equities analysts forecast that S&P Global Inc will post 8.52 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.11%. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio is currently 28.37%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

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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