S&P Global (NYSE:SPGI) Price Target Raised to $632.00

by · The Markets Daily

S&P Global (NYSE:SPGI – Free Report) had its price target upped by Evercore ISI from $629.00 to $632.00 in a research note published on Thursday, Marketbeat Ratings reports. They currently have an outperform rating on the business services provider’s stock.

A number of other analysts have also recently commented on SPGI. Wells Fargo & Company upped their price target on shares of S&P Global from $660.00 to $661.00 and gave the company an “overweight” rating in a research report on Friday, September 19th. Morgan Stanley boosted their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Citigroup upped their target price on S&P Global from $600.00 to $635.00 and gave the company a “buy” rating in a research report on Monday, September 15th. Stifel Nicolaus decreased their target price on S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $615.14.

Read Our Latest Research Report on S&P Global

S&P Global Stock Performance

NYSE:SPGI opened at $542.34 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. The company has a 50 day simple moving average of $506.15 and a two-hundred day simple moving average of $516.37. The company has a market capitalization of $164.22 billion, a PE ratio of 39.44, a P/E/G ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The company had revenue of $1.87 billion for the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Research analysts anticipate that S&P Global will post 17.11 earnings per share for the current year.

Institutional Investors Weigh In On S&P Global

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of S&P Global by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock worth $14,726,208,000 after purchasing an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. raised its holdings in S&P Global by 7.0% during the second quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock worth $5,848,502,000 after buying an additional 730,354 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of S&P Global by 0.6% in the second quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after buying an additional 42,724 shares in the last quarter. Wellington Management Group LLP lifted its stake in shares of S&P Global by 4.6% in the third quarter. Wellington Management Group LLP now owns 6,231,644 shares of the business services provider’s stock valued at $3,033,003,000 after buying an additional 274,285 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of S&P Global during the second quarter valued at about $2,188,945,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

About S&P Global

(Get Free Report)

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.

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