S&P Global Inc (NYSE:SPGI) – Equities research analysts at Cantor Fitzgerald increased their FY2019 EPS estimates for S&P Global in a research report issued on Wednesday, October 30th. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will earn $9.36 per share for the year, up from their prior estimate of $9.18. Cantor Fitzgerald currently has a “Overweight” rating and a $294.00 target price on the stock. Cantor Fitzgerald also issued estimates for S&P Global’s FY2020 earnings at $10.32 EPS.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $2.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.34 by $0.12. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year.
Several other equities analysts also recently commented on the stock. William Blair reissued an “outperform” rating on shares of S&P Global in a research note on Wednesday, October 30th. UBS Group increased their price objective on shares of S&P Global from $301.00 to $314.00 and gave the company a “buy” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. began coverage on shares of S&P Global in a research note on Wednesday, July 10th. They issued an “overweight” rating and a $260.00 price objective for the company. ValuEngine downgraded shares of S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Edward Jones began coverage on shares of S&P Global in a research note on Wednesday, September 11th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $264.42.
Shares of S&P Global stock opened at $258.80 on Monday. The company has a 50 day moving average of $249.92 and a 200-day moving average of $238.12. S&P Global has a 1-year low of $156.68 and a 1-year high of $269.57. The company has a current ratio of 1.10, a quick ratio of 1.37 and a debt-to-equity ratio of 8.91. The company has a market cap of $63.05 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.76 and a beta of 1.07.
In other S&P Global news, insider Nicholas Cafferillo sold 9,911 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were sold at an average price of $252.95, for a total value of $2,506,987.45. Following the completion of the transaction, the insider now directly owns 7,454 shares in the company, valued at approximately $1,885,489.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,007 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $254.46, for a total transaction of $256,241.22. The disclosure for this sale can be found here. In the last three months, insiders sold 16,918 shares of company stock valued at $4,292,209. 0.20% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in shares of S&P Global by 91.1% during the second quarter. Van ECK Associates Corp now owns 5,996 shares of the business services provider’s stock worth $1,366,000 after buying an additional 2,859 shares during the period. Greenleaf Trust increased its position in shares of S&P Global by 3.9% during the second quarter. Greenleaf Trust now owns 2,823 shares of the business services provider’s stock worth $643,000 after buying an additional 106 shares during the period. Contravisory Investment Management Inc. increased its position in shares of S&P Global by 24.0% during the second quarter. Contravisory Investment Management Inc. now owns 305 shares of the business services provider’s stock worth $69,000 after buying an additional 59 shares during the period. BlackRock Inc. increased its position in shares of S&P Global by 2.1% during the second quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock worth $3,805,622,000 after buying an additional 339,310 shares during the period. Finally, AustralianSuper Pty Ltd increased its position in shares of S&P Global by 160.9% during the second quarter. AustralianSuper Pty Ltd now owns 272,426 shares of the business services provider’s stock worth $62,056,000 after buying an additional 168,027 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
