BMO Capital Cuts Rating On S&P Global Inc. (SPGI) To "Market Perform"

Lloyd Doyle
October 31, 2017

After $1.72 actual EPS reported by S&P Global Inc for the previous quarter, Wall Street now forecasts -12.21 % negative EPS growth. During the same quarter in the prior year, the firm posted $1.19 earnings per share.

In other S&P Global news, SVP Nancy Luquette sold 860 shares of the company's stock in a transaction on Wednesday, August 23rd. During the same quarter past year, the company posted $1.43 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 12th. As of the last earnings report the EPS was $8.58 and is projected to be $6.51 for the current year with 257,000,000 shares outstanding. S&P Global's payout ratio is now 21.15%. S&P Global comprises 9.3% of BlueSpruce Investments LP's investment portfolio, making the stock its 6th largest position.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, November 3rd. The dividend was $0.410 per share for the quarter which comes to $1.64 on an annualized basis. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.45 billion. During the same quarter in the previous year, the company posted $1.43 EPS. The business's revenue was up 5.1% compared to the same quarter past year. Equity analyst BMO Capital downgraded the stock and raised the price target on October 27 changing the price target from $164.00 to $165.00 and moving the rating from "Outperform" to "Market Perform". Finally, Goldman Sachs Group, Inc. BidaskClub downgraded S&P Global from a "strong-buy" rating to a "buy" rating in a research note on Friday, October 20th. The Company's subsidiary, CRISIL Limited (CRISIL), is a global analytical company and a provider of ratings, data and research, analytics and solutions. Zacks Investment Research raised shares of S&P Global from a "hold" rating to a "buy" rating and set a $170.00 price objective for the company in a research report on Tuesday, August 29th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. They issued an "outperform" rating and a $140.00 target price on the stock. The stock was sold at an average price of $123.08, for a total transaction of $61,540.00. Following the sale, the senior vice president now directly owns 106 shares of the company's stock, valued at $16,059.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. First Manhattan Co. owned approximately 0.07% of S&P Global worth $26,623,000 at the end of the most recent quarter. The firm bought 216,196 shares of the company's stock, valued at approximately $23,189,000. TNB Financial grew its stake in shares of S&P Global by 1.9% in the second quarter. 151,309 shares of the stock were exchanged. AQR Capital Management LLC now owns 576,653 shares of the business services provider's stock worth $75,392,000 after acquiring an additional 66,671 shares in the last quarter. Alliancebernstein L.P. now owns 1,837,354 shares of the business services provider's stock worth $268,235,000 after buying an additional 700,194 shares during the period.

Company shares last traded at $156.25 which is a tad under $158.10, the 50 day moving average and which is slightly above the 200 day moving average of $148.75. Prudential Financial Inc. now owns 1,394,031 shares of the business services provider's stock worth $203,515,000 after buying an additional 522,340 shares during the period.

COPYRIGHT VIOLATION NOTICE: This piece was published by BBNS and is the sole property of of BBNS. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and global copyright laws.

S&P Global Inc. has a 52-week low of $78.55 and a 52-week high of $128.40. The stock's 50 day moving average price is $124.04 and its 200 day moving average price is $116.36.

S&P Global has a 52 week low of $107.21 and a 52 week high of $166.17 with a PE ratio of 18.97 S&P Global's market capitalization is now $0.

Other reports by Iphone Fresh

Discuss This Article