S&P Global (NYSE:SPGI) Coverage Initiated at Bank of America

Analysts at Bank of America initiated coverage on shares of S&P Global (NYSE:SPGI) in a note issued to investors on Tuesday. The firm set a “buy” rating and a $575.00 price target on the business services provider’s stock. Bank of America‘s target price would indicate a potential upside of 37.03% from the company’s previous close.

A number of other brokerages also recently weighed in on SPGI. Robert W. Baird set a $546.00 price objective on shares of S&P Global in a research report on Wednesday, February 11th. Stifel Nicolaus lowered their price target on S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. Morgan Stanley lifted their price objective on S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating and seventeen have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $566.33.

S&P Global Stock Up 2.2%

S&P Global stock opened at $419.61 on Tuesday. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The stock has a fifty day simple moving average of $502.71 and a two-hundred day simple moving average of $508.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The firm has a market cap of $125.38 billion, a price-to-earnings ratio of 28.64, a PEG ratio of 1.94 and a beta of 1.20.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. During the same period last year, the business earned $3.77 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPGI. Strive Financial Group LLC bought a new stake in S&P Global during the 4th quarter worth approximately $80,000. Blue Sparrow LLC DE purchased a new stake in shares of S&P Global in the fourth quarter worth $2,038,000. Mercer Global Advisors Inc. ADV increased its stake in shares of S&P Global by 2.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 25,543 shares of the business services provider’s stock worth $13,348,000 after purchasing an additional 585 shares in the last quarter. First Citizens Bank & Trust Co. bought a new stake in shares of S&P Global during the 4th quarter valued at $310,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of S&P Global during the 4th quarter valued at $67,388,000. 87.17% of the stock is owned by hedge funds and other 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.