S&P Global (NYSE:SPGI) Given New $477.00 Price Target at Morgan Stanley

S&P Global (NYSE:SPGI) had its price target reduced by analysts at Morgan Stanley from $525.00 to $477.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 20.44% from the stock’s current price.

A number of other research analysts also recently commented on SPGI. Stifel Nicolaus increased their price target on S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. JPMorgan Chase & Co. cut their target price on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Wall Street Zen upgraded S&P Global to a “hold” rating in a research note on Saturday, September 5th. 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 report on Friday, July 10th. Finally, Zacks Research upgraded shares of S&P Global from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Eighteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $519.41.

S&P Global Price Performance

Shares of SPGI stock opened at $396.06 on Wednesday. The firm has a fifty day simple moving average of $416.04 and a 200-day simple moving average of $421.71. The company has a market capitalization of $116.76 billion, a PE ratio of 24.18, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09. S&P Global has a twelve month low of $381.61 and a twelve month high of $552.25. 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 (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts anticipate that S&P Global will post 17.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in SPGI. Bank of America Corp DE bought a new position in shares of S&P Global in the 2nd quarter worth about $865,892,000. EdgePoint Investment Group Inc. bought a new stake in shares of S&P Global during the 1st quarter valued at about $702,911,000. Cardano Risk Management B.V. raised its stake in S&P Global by 858.3% during the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider’s stock worth $919,879,000 after acquiring an additional 1,576,544 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in S&P Global by 2,256.7% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider’s stock worth $755,996,000 after acquiring an additional 1,385,249 shares during the period. Finally, Soroban Capital Partners LP lifted its holdings in S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider’s stock worth $718,247,000 after acquiring an additional 1,219,990 shares during the last quarter. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Company Profile

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.