S&P Global (NYSE:SPGI) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

S&P Global (NYSE:SPGI) had its price objective increased by analysts at BMO Capital Markets from $495.00 to $505.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ price objective would indicate a potential upside of 12.91% from the stock’s previous close.

A number of other analysts also recently weighed in on SPGI. Weiss Ratings downgraded shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Mizuho upped their price objective on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Morgan Stanley increased their target price on shares of S&P Global from $556.00 to $557.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Evercore reduced their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, UBS Group reissued a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Seventeen equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $541.24.

S&P Global Trading Up 1.7%

Shares of SPGI stock opened at $447.27 on Tuesday. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05. The company has a market cap of $132.39 billion, a PE ratio of 28.31, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average is $419.23 and its two-hundred day moving average is $450.16.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.82 by $0.15. The business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Equities analysts predict that S&P Global will post 19.61 EPS for the current year.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Martina Cheung bought 2,322 shares of the firm’s stock in a transaction dated Wednesday, April 29th. The shares were acquired at an average cost of $429.93 per share, for a total transaction of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. The trade was a 9.22% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Robert Edward Jr. Moritz bought 1,152 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average price of $434.03 per share, for a total transaction of $500,002.56. Following the completion of the transaction, the director owned 1,152 shares in the company, valued at $500,002.56. This represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 5,974 shares of company stock valued at $2,576,775 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Joseph Group Capital Management bought a new stake in shares of S&P Global in the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. lifted its position in shares of S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after buying an additional 35 shares during the period. Palladiem LLC acquired a new stake in S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new stake in S&P Global in the 3rd quarter valued at $36,000. Finally, Ameriflex Group Inc. grew its position in S&P Global by 171.4% in the third quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the period. Institutional investors own 87.17% of the company’s stock.

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.