S&P Global Inc. (NYSE:SPGI) Stock Has Average Target Price of $523.59

S&P Global Inc. (NYSE:SPGI) has been given a consensus rating of “Moderate Buy” by the twenty brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $523.59.

A number of research firms recently issued reports on SPGI. Zacks Research upgraded S&P Global from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Morgan Stanley cut their target price on S&P Global from $557.00 to $525.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 7th. Robert W. Baird set a $513.00 price target on S&P Global in a research report on Wednesday, September 2nd. Bank of America decreased their price target on shares of S&P Global from $575.00 to $550.00 and set a “buy” rating for the company in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded shares of S&P Global to a “hold” rating in a report on Saturday, September 5th.

S&P Global Price Performance

Shares of NYSE SPGI opened at $395.95 on Friday. The firm has a market cap of $116.73 billion, a PE ratio of 24.17, a PEG ratio of 1.95 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 1-year low of $381.61 and a 1-year high of $552.25. The company has a fifty day moving average price of $420.41 and a 200 day moving average price of $423.17.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company’s revenue was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Research analysts predict that S&P Global will post 17.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pingora Partners LLC bought a new position in shares of S&P Global in the 2nd quarter valued at about $29,000. Palladiem LLC bought a new stake in S&P Global during the fourth quarter worth about $36,000. WPG Advisers LLC boosted its position in S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 27 shares during the last quarter. Fiduciary Financial Advisors acquired a new position in S&P Global during the second quarter valued at approximately $46,000. Finally, South Plains Financial Inc. boosted its position in S&P Global by 810.0% during the fourth quarter. South Plains Financial Inc. now owns 91 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 81 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.