S&P Global Inc. (NYSE:SPGI) Given Consensus Recommendation of "Moderate Buy" by Brokerages

S&P Global Inc. (NYSE:SPGI - Get Free Report) has earned a consensus rating of "Moderate Buy" from the fourteen research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and twelve have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $571.31.

SPGI has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Royal Bank of Canada upped their price objective on S&P Global from $500.00 to $552.00 and gave the company an "outperform" rating in a research report on Wednesday, July 31st. Stifel Nicolaus lifted their price target on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Raymond James lowered shares of S&P Global from an "outperform" rating to a "market perform" rating in a report on Monday, September 23rd. Finally, Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price objective on the stock.

Hedge Funds Weigh In On S&P Global

Several hedge funds have recently added to or reduced their stakes in the business. HWG Holdings LP bought a new stake in shares of S&P Global in the second quarter worth $27,000. Northwest Investment Counselors LLC bought a new position in S&P Global during the 3rd quarter valued at $27,000. Sachetta LLC boosted its position in shares of S&P Global by 103.4% during the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. First Personal Financial Services bought a new stake in S&P Global during the third quarter worth approximately $29,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of S&P Global during the second quarter worth $31,000. 87.17% of the stock is currently owned by hedge funds and other institutional investors.

S&P Global Trading Up 0.2 %

SPGI traded up $0.81 during trading on Wednesday, reaching $503.12. 1,258,342 shares of the stock traded hands, compared to its average volume of 1,211,534. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $156.12 billion, a PE ratio of 44.41, a P/E/G ratio of 2.57 and a beta of 1.18. The stock's 50-day moving average is $509.61 and its 200 day moving average is $480.93. S&P Global has a 12 month low of $407.69 and a 12 month high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.64 by $0.25. The company had revenue of $3.58 billion for the quarter, compared to analysts' expectations of $3.43 billion. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business posted $3.21 EPS. Equities analysts anticipate that S&P Global will post 15.24 earnings per share for the current year.

S&P Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global's dividend payout ratio (DPR) is presently 32.13%.

About S&P Global

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.