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

S&P Global (NYSE:SPGI) had its price target lifted by equities researchers at Mizuho from $551.00 to $554.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Mizuho’s target price suggests a potential upside of 30.55% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus dropped their price target on shares of 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. Weiss Ratings lowered shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Wells Fargo & Company decreased their price objective on shares of S&P Global from $530.00 to $525.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Jefferies Financial Group lifted their price objective on shares of S&P Global from $500.00 to $535.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Barclays reaffirmed an “overweight” rating and set a $565.00 price target on shares of S&P Global in a research note on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $550.63.

S&P Global Trading Down 0.1%

Shares of SPGI stock traded down $0.39 during trading hours on Tuesday, reaching $424.36. 267,724 shares of the stock were exchanged, compared to its average volume of 2,344,638. S&P Global has a 12-month low of $381.61 and a 12-month high of $579.05. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 0.34. The company’s 50-day moving average price is $430.38 and its 200-day moving average price is $473.23. The firm has a market capitalization of $125.61 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, topping analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the previous year, the company earned $4.37 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, equities analysts anticipate that S&P Global will post 19.58 earnings per share for the current year.

Insider Activity

In other news, Director Robert Edward Jr. Moritz purchased 1,152 shares of the stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, for a total transaction of $500,002.56. Following the acquisition, the director owned 1,152 shares of the company’s stock, valued at approximately $500,002.56. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Catherine R. Clay purchased 2,500 shares of the stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at approximately $1,078,475. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 5,974 shares of company stock worth $2,576,775. Corporate insiders own 0.03% of the company’s stock.

Institutional Trading of S&P Global

A number of institutional investors have recently modified their holdings of the company. Ethos Financial Group LLC boosted its holdings in shares of S&P Global by 4.7% in the 1st quarter. Ethos Financial Group LLC now owns 808 shares of the business services provider’s stock valued at $344,000 after buying an additional 36 shares in the last quarter. Meridian Management Co. bought a new stake in shares of S&P Global in the 1st quarter valued at about $2,576,000. Sigma Planning Corp boosted its holdings in shares of S&P Global by 7.5% in the 1st quarter. Sigma Planning Corp now owns 1,156 shares of the business services provider’s stock valued at $492,000 after buying an additional 81 shares in the last quarter. Camden National Bank boosted its holdings in S&P Global by 32.1% in the first quarter. Camden National Bank now owns 19,566 shares of the business services provider’s stock worth $8,322,000 after acquiring an additional 4,754 shares in the last quarter. Finally, Mill Capital Management LLC acquired a new stake in S&P Global in the first quarter worth about $18,490,000. 87.17% of the stock is currently 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.