S&P Global Inc (SPGI) Receives a Buy from Cantor Fitzgerald


Cantor Fitzgerald analyst Joseph Foresi maintained a Buy rating on S&P Global Inc (NYSE: SPGI) today and set a price target of $238. The company’s shares closed yesterday at $177.81.

Foresi observed:

“. We maintain our Overweight rating on SPGI and our PT of $238*. SPGI reported quarterly top-line results just below street expectations but posted strong margin expansion. S&P saw declines in the Ratings business, due to U.S. corporate debt issuance falling in the quarter. We look to the earnings call for color on expectations for the issuance business, other business lines, and the margin profile.”

According to TipRanks.com, Foresi is a top 25 analyst with an average return of 18.5% and a 79.0% success rate. Foresi covers the Technology sector, focusing on stocks such as Jack Henry & Associates, Fidelity National Info, and DXC Technology Company.

S&P Global Inc has an analyst consensus of Moderate Buy, with a price target consensus of $225.50.

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Based on S&P Global Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.61 billion and net profit of $461 million. In comparison, last year the company earned revenue of $1.51 billion and had a net profit of $414 million.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock.

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S&P Global, Inc. engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market and Commodities Intelligence, and Indices.

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