Morgan Stanley Cuts S&P Global (NYSE:SPGI) Price Target to $556.00
by Amy Steele · The Cerbat GemS&P Global (NYSE:SPGI – Free Report) had its target price trimmed by Morgan Stanley from $580.00 to $556.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has an overweight rating on the business services provider’s stock.
Other equities analysts have also issued research reports about the company. Barclays reaffirmed an “overweight” rating and issued a $565.00 price objective on shares of S&P Global in a research note on Monday, February 23rd. Robert W. Baird set a $546.00 price objective on S&P Global in a research note on Wednesday, February 11th. Stifel Nicolaus dropped their price objective on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Bank of America assumed coverage on S&P Global in a research note on Tuesday, February 17th. They issued a “buy” rating and a $575.00 price objective for the company. Finally, Royal Bank Of Canada dropped their price objective on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a research note on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $558.80.
Check Out Our Latest Research Report on S&P Global
S&P Global Stock Performance
NYSE SPGI opened at $424.04 on Tuesday. The firm has a market cap of $128.68 billion, a price-to-earnings ratio of 28.94, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.40. The business has a 50-day moving average price of $431.38 and a 200-day moving average price of $478.69. S&P Global has a twelve month low of $381.61 and a twelve month high of $579.05.
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 earnings per share for the quarter, missing analysts’ consensus estimates of $4.32 by ($0.02). The business had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business’s revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned $3.77 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities research analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.
S&P Global Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 0.9%. S&P Global’s dividend payout ratio is currently 26.48%.
Hedge Funds Weigh In On S&P Global
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in S&P Global by 17.7% during the third quarter. Jones Financial Companies Lllp now owns 66,809 shares of the business services provider’s stock valued at $32,541,000 after purchasing an additional 10,044 shares during the period. Prime Capital Investment Advisors LLC raised its position in S&P Global by 324.8% during the third quarter. Prime Capital Investment Advisors LLC now owns 28,094 shares of the business services provider’s stock valued at $13,673,000 after purchasing an additional 21,481 shares during the period. Envestnet Asset Management Inc. raised its position in S&P Global by 3.3% during the third quarter. Envestnet Asset Management Inc. now owns 938,251 shares of the business services provider’s stock valued at $456,656,000 after purchasing an additional 30,080 shares during the period. Collier Financial purchased a new stake in S&P Global during the third quarter valued at approximately $2,865,000. Finally, Mawer Investment Management Ltd. raised its holdings in shares of S&P Global by 27.3% in the third quarter. Mawer Investment Management Ltd. now owns 168,229 shares of the business services provider’s stock worth $81,879,000 after buying an additional 36,078 shares during the period. 87.17% of the stock is owned by institutional investors.
About S&P Global
S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.
S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.