Media headlines about S&P Global (NYSE:SPGI) have trended somewhat positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. S&P Global earned a daily sentiment score of 0.63 on their scale. InfoTrie also assigned news coverage about the business services provider an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have effected S&P Global’s ranking:
- S&P Global Inc (NYSE:SPGI) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Euro Zone Faces 2% Recession, 10% if Lockdown Lasts: S&P Global (nytimes.com)
- S&P Global Market Intelligence Ranks the Best-Performing Community Banks and Credit Unions for 2019 (finance.yahoo.com)
- S&P, Moody’s Cut Credit Grades at Fastest Pace Since 2008 Crisis (finance.yahoo.com)
- $1.72 Billion in Sales Expected for S&P Global Inc (NYSE:SPGI) This Quarter (americanbankingnews.com)
A number of research analysts have issued reports on the company. BMO Capital Markets decreased their target price on S&P Global from to in a research note on Tuesday, March 10th. Morgan Stanley dropped their price target on S&P Global from $337.00 to $319.00 and set an “overweight” rating on the stock in a research report on Thursday, March 12th. UBS Group dropped their price target on S&P Global from $330.00 to $298.00 and set a “buy” rating on the stock in a research report on Friday, March 13th. Wells Fargo & Co cut their price objective on S&P Global from to in a report on Thursday, March 12th. Finally, Cantor Fitzgerald boosted their price objective on S&P Global from $299.00 to $325.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $280.50.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $2.53 earnings per share for the quarter, topping the consensus estimate of $2.41 by $0.12. The company had revenue of $1.74 billion during the quarter, compared to analysts’ expectations of $1.70 billion. S&P Global had a return on equity of 496.20% and a net margin of 31.69%. S&P Global’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 earnings per share. Analysts forecast that S&P Global will post 10.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.67 per share. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $2.68 dividend on an annualized basis and a yield of 1.09%. This is an increase from S&P Global’s previous quarterly dividend of $0.57. S&P Global’s dividend payout ratio is 28.12%.
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).
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