Robert W. Baird analyst Jeffrey Meuler maintained a Buy rating on S&P Global (SPGI – Research Report) on June 17 and set a price target of $414.00. The company’s shares closed last Friday at $319.93, close to its 52-week low of $311.87.
According to TipRanks.com, Meuler is a 3-star analyst with an average return of 0.9% and a 49.8% success rate. Meuler covers the Services sector, focusing on stocks such as Adtalem Global Education, Grand Canyon Education, and Nielsen Holdings.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for S&P Global with a $409.29 average price target, implying a 30.6% upside from current levels. In a report issued on June 2, RBC Capital also maintained a Buy rating on the stock with a $434.00 price target.
Based on S&P Global’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $2.39 billion and net profit of $1.24 billion. In comparison, last year the company earned revenue of $2.02 billion and had a net profit of $755 million.
Based on the recent corporate insider activity of 43 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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