RBC Capital Reaffirms Their Buy Rating on S&P Global (SPGI)

RBC Capital analyst Ashish Sabadra maintained a Buy rating on S&P Global (SPGIResearch Report) on September 21 and set a price target of $434.00. The company’s shares closed yesterday at $317.86.

According to TipRanks, Sabadra is a 2-star analyst with an average return of 0.4% and a 41.88% success rate. Sabadra covers the Services sector, focusing on stocks such as Rollins, Cintas, and Equifax.

S&P Global has an analyst consensus of Strong Buy, with a price target consensus of $414.43.

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Based on S&P Global’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.99 billion and a net profit of $972 million. In comparison, last year the company earned a revenue of $2.11 billion and had a net profit of $798 million

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPGI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

S&P Global, Inc. provides transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through four segments: S&P Global Ratings, S&P Global Market Intelligence, S&P Global Platts and S&P Dow Jones Indices.

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