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

  • 11/28/2016 – 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 shares have outperformed the Business Information Services industry year to date. The company continues to impress investors with better-than-expected earnings for the 15th consecutive quarter and surpassed revenues estimate for the second straight quarter with strong performances across S&P Global Ratings and S&P Global Market Intelligence. The company raised its 2016 earnings guidance on the back of healthy growth dynamics. The accretive acquisition of SNL Financial also augurs well for the long-term growth of the company. Over the years, the company has consistently returned significant cash to its shareholders through dividends and share repurchases. However, financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities. High volatility and stiff competitive pressures remain additional headwinds for S&P Global.”
  • 11/25/2016 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $135.00 price target on the stock. According to Zacks, “S&P Global continues to impress investors with better-than-expected earnings for the 15th consecutive quarter. Further, the company surpassed the revenues estimate for the second straight quarter with strong performances across S&P Global Ratings and S&P Global Market Intelligence. The company raised its 2016 earnings guidance on the back of healthy growth dynamics. S&P Global is now focusing 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. The accretive acquisition of SNL Financial also augurs well for the long-term growth of the company. Over the years, the company has consistently returned significant cash to its shareholders through dividends and share repurchases. However, financial distress could either dent investor’s demand for debt securities or make issuers reluctant to issue such securities.”
  • 11/20/2016 – S&P Global had its “outperform” rating reaffirmed by analysts at Credit Suisse Group AG. They now have a $131.00 price target on the stock.
  • 11/17/2016 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $137.00 price target on the stock. According to Zacks, “S&P Global continues to impress investors with better-than-expected earnings for the 15th consecutive quarter. Further, the company surpassed the revenues estimate for the second straight quarter. Top-line growth was mainly supported by strong performances across S&P Global Ratings and S&P Global Market Intelligence. Moreover, the company raised its 2016 earnings guidance. It expects earnings for 2016 in the band of $5.15–$5.25 per share in comparison to the previous estimate of $5.05–$5.20. S&P Global is now focusing 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. Additionally to aid its goal of emerging as a leader in the global analytics arena, the company has also made strategic investments.”
  • 11/15/2016 – 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 continues to impress investors with better-than-expected earnings for the 15th consecutive quarter. Further, the company surpassed the revenues estimate for the second straight quarter. Top-line growth was mainly supported by strong performances across S&P Global Ratings and S&P Global Market Intelligence. Moreover, the company raised its 2016 earnings guidance. It expects earnings for 2016 in the band of $5.15–$5.25 per share in comparison to the previous estimate of $5.05–$5.20. S&P Global is now focusing 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. Additionally to aid its goal of emerging as a leader in the global analytics arena, the company has also made strategic investments.”
  • 10/5/2016 – S&P Global was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $139.00 price target on the stock. According to Zacks, “After completing with its portfolio restructuring, McGraw-Hill Financial rechristened as S&P Global is now focusing 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. In addition, to aid its goal of emerging as a leader in the global analytics arena, the company has also made strategic investments. All these endeavors have helped the company to continue with its positive earnings surprise streak for the fourteenth quarters in row, when it reported second-quarter 2016 results. However, McGraw-Hill’s results could be hampered by lower volume of debt securities issued in capital markets. Recently, the company released its global bond issuance forecast. The company expects global issuance in 2016 to fall 3.8% in comparison to its previous forecast of nearly 2%.”

Shares of S&P Global Inc. (NYSE:SPGI) opened at 119.61 on Wednesday. S&P Global Inc. has a 52 week low of $78.55 and a 52 week high of $128.40. The company has a market cap of $30.99 billion, a P/E ratio of 17.64 and a beta of 1.50. The company’s 50-day moving average price is $122.79 and its 200 day moving average price is $118.06.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, November 3rd. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.34 by $0.09. The company earned $1.44 billion during the quarter, compared to analysts’ expectations of $1.42 billion. S&P Global had a return on equity of 378.19% and a net margin of 32.24%. S&P Global’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 EPS. Equities research analysts anticipate that S&P Global Inc. will post $5.27 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 12th. Investors of record on Monday, November 28th will be issued a $0.36 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $1.44 dividend on an annualized basis and a yield of 1.20%. S&P Global’s payout ratio is 21.15%.

In other S&P Global news, SVP Nancy Luquette sold 500 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the completion of the transaction, the senior vice president now owns 133 shares of the company’s stock, valued at $16,369.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

S&P Global Inc, formerly McGraw Hill Financial, Inc, is a provider of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets across the world. The Company’s products cater to the capital markets, which includes asset managers, investment banks, commercial banks, exchanges and issuers; the commodities markets, which includes producers, traders and intermediaries within energy, metals, petrochemicals and agriculture, and the commercial markets, which includes professionals and corporate executives within automotive and marketing/research information services.

5 Day Chart for NYSE:SPGI

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