S&P Global (SPGI) Gets a Hold Rating from Raymond James
Raymond James analyst Patrick O’Shaughnessy maintained a Hold rating on S&P Global (SPGI) today. The company’s shares closed last Monday at $333.25.
According to TipRanks.com, O’Shaughnessy is a 5-star analyst with an average return of 13.0% and a 75.2% success rate. O’Shaughnessy covers the Financial sector, focusing on stocks such as AssetMark Financial Holdings, Intercontinental Exchange, and Focus Financial Partners.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for S&P Global with a $404.44 average price target.
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Based on S&P Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.85 billion and net profit of $455 million. In comparison, last year the company earned revenue of $1.69 billion and had a net profit of $617 million.
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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 Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants. The Market Intelligence provides multi-asset-class data, research and analytical capabilities, which integrate cross-asset analytics and desktop services. The Platts segment provides information and benchmark prices for the commodity and energy markets. The Indices segment provides variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors. The company was founded by James H. McGraw and John A. Hill in 1917 and is headquartered in New York, NY.