S&P Global - SPGI Stock Forecast, Price & News

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 in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions. The S&P Global Ratings division operates as an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings, and benchmarks. The S&P Dow Jones Indices division is an index provider that maintains various valuation and index benchmarks for investment advisors, wealth managers, and institutional investors. The S&P Global Commodity Insights division offers data and insights for global energy and commodity markets and enable its customers to make decisions. The S&P Global Market Intelligence division delivers data and technology solutions for customers to provide insights for making decisions. It offers data and services that bring end-to-end workflow solutions, including capital formation, data and distribution, ESG and sustainability, leveraged loans, private markets, sector coverage, supply chain, and issuer solutions, as well as credit, risk, and regulatory solutions. The S&P Global Mobility division provides insights derived from unmatched automotive data, enabling its customers to anticipate change and make decisions. The S&P Global Engineering Solutions division offers engineering expertise and solutions in industries, such as aerospace and defense, energy, architecture, construction, and transportation. Its solutions empower business and technical leaders to transform workflows and make decisions. S&P Global Inc. was founded in 1860 and is headquartered in New York, New York.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Redburn Partners began coverage on shares of S&P Global in a report on Tuesday, May 17th. They issued a "buy" rating for the company. Jefferies Financial Group dropped their price target on S&P Global from $440.00 to $416.00 and set a "buy" rating on the stock in a research note on Thursday, June 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on S&P Global from $483.00 to $418.00 in a report on Thursday, June 2nd. Royal Bank of Canada cut their target price on S&P Global from $540.00 to $434.00 in a report on Thursday, June 2nd. Finally, Barclays decreased their price target on shares of S&P Global from $450.00 to $385.00 and set an "overweight" rating for the company in a research note on Friday, June 3rd. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $422.00.

S&P Global Price Performance

SPGI opened at $387.73 on Thursday. The firm has a market cap of $129.31 billion, a PE ratio of 28.89, a P/E/G ratio of 2.84 and a beta of 1.04. The stock has a 50-day moving average price of $352.81 and a 200-day moving average price of $371.06. S&P Global has a 1 year low of $311.87 and a 1 year high of $484.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.26 and a quick ratio of 1.26.

S&P Global (NYSE:SPGI - Get Rating) last issued its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.93 by ($0.12). S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $3 billion. During the same quarter in the prior year, the company posted $3.62 EPS. The company's quarterly revenue was up 42.1% on a year-over-year basis. Sell-side analysts predict that S&P Global will post 11.49 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $3.40 annualized dividend and a dividend yield of 0.88%. S&P Global's dividend payout ratio (DPR) is presently 25.34%.

Insider Buying and Selling

In other news, insider John L. Berisford sold 13,450 shares of the firm's stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $370.59, for a total transaction of $4,984,435.50. Following the sale, the insider now owns 24,430 shares of the company's stock, valued at approximately $9,053,513.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other S&P Global news, insider John L. Berisford sold 13,450 shares of the stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $370.59, for a total value of $4,984,435.50. Following the transaction, the insider now owns 24,430 shares of the company's stock, valued at $9,053,513.70. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nancy Luquette sold 3,200 shares of the business's stock in a transaction dated Wednesday, August 3rd. The shares were sold at an average price of $367.49, for a total value of $1,175,968.00. Following the sale, the executive vice president now owns 2,467 shares of the company's stock, valued at $906,597.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,150 shares of company stock worth $10,146,219. 0.10% of the stock is owned by corporate insiders.