S&P Global (SPGI) is Resumed by Credit Suisse to Outperform

S&P Global (SPGI) was Resumed by Credit Suisse to “Outperform”. Credit Suisse advised their investors in a research report released on Nov 21, 2016.

Many Wall Street Analysts have commented on S&P Global. Macquarie Initiated S&P Global on Aug 26, 2016 to “Outperform”, Price Target of the shares are set at $140.

On the company’s financial health, S&P Global reported $1.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $1.33. The company had revenue of $1440.00 million for the quarter, compared to analysts expectations of $1406.93 million. The company’s revenue was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Investors should note that on Oct 27, 2016, S&P Global announced a cash dividend of $0.3600. The company’s management has announced Nov 23, 2016 as the ex-dividend date and fixed the record date on Nov 28, 2016. The payable date has been fixed on Dec 12, 2016.

In a different news, on Nov 15, 2016, Nancy Luquette (SVP, Chief Risk & Audit Exec) sold 133 shares at $125.44 per share price. According to the SEC, on Aug 2, 2016, Finbarr J Oneill (President, JDPA) sold 36,674 shares at $120.97 per share price.

S&P Global

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