S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Evercore ISI Analyst Says

S&P Global (NYSE:SPGI) had its price target increased by investment analysts at Evercore ISI from $629.00 to $632.00 in a note issued to investors on Thursday, MarketBeat Ratings reports. The firm presently has an “outperform” rating on the business services provider’s stock. Evercore ISI’s target price indicates a potential upside of 16.53% from the company’s previous close.

A number of other equities research analysts have also commented on SPGI. Morgan Stanley upped their price target on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Wells Fargo & Company lifted their price objective on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Mizuho raised their price target on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. Finally, Citigroup boosted their price target on shares of S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating and sixteen have issued a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global has a consensus rating of “Buy” and an average target price of $615.14.

S&P Global Trading Up 0.1%

SPGI opened at $542.34 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.97 and a quick 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’s 50 day moving average price is $506.15 and its two-hundred day moving average price is $516.42. The firm has a market capitalization of $164.22 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 2.31 and a beta of 1.21.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share (EPS) for the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. The firm had revenue of $1.87 billion during the quarter. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. As a group, research analysts predict that S&P Global will post 17.11 earnings per share for the current year.

Institutional Trading of S&P Global

Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in S&P Global by 0.5% in the third quarter. Vanguard Group Inc. now owns 30,256,638 shares of the business services provider’s stock valued at $14,726,208,000 after purchasing an additional 161,719 shares in the last quarter. TCI Fund Management Ltd. grew its stake in shares of S&P Global by 7.0% in the 2nd quarter. TCI Fund Management Ltd. now owns 11,091,623 shares of the business services provider’s stock valued at $5,848,502,000 after buying an additional 730,354 shares during the period. Geode Capital Management LLC grew its stake in shares of S&P Global by 0.6% in the 2nd 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 during the period. Wellington Management Group LLP increased its position in S&P Global by 4.6% in the 3rd 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 S&P Global during the 2nd quarter worth approximately $2,188,945,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.