Royal Bank Of Canada Reaffirms Outperform Rating for S&P Global (NYSE:SPGI)

S&P Global (NYSE:SPGI)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $510.00 price target on the business services provider’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 17.73% from the company’s previous close.

A number of other research analysts have also weighed in on SPGI. Wall Street Zen raised shares of S&P Global to a “hold” rating in a research report on Saturday, July 4th. Citigroup increased their price objective on shares of S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Mizuho lifted their target price on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. BMO Capital Markets lifted their target price on shares of S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Finally, Stifel Nicolaus boosted their target price on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research note on Friday, July 17th. Eighteen research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $433.18 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock’s fifty day simple moving average is $423.07 and its two-hundred day simple moving average is $424.29. S&P Global has a 1-year low of $381.61 and a 1-year high of $554.56. The stock has a market cap of $127.70 billion, a PE ratio of 26.45, a price-to-earnings-growth ratio of 1.96 and a beta of 1.07.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.81 by $0.02. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The firm had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. During the same period in the previous year, the firm earned $4.43 EPS. The business’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 17.500-17.750 EPS. As a group, analysts forecast that S&P Global will post 17.75 EPS for the current fiscal year.

Institutional Trading of S&P Global

A number of large investors have recently added to or reduced their stakes in SPGI. Brighton Jones LLC lifted its stake in S&P Global by 4.7% in the fourth quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after purchasing an additional 143 shares during the last quarter. Sivia Capital Partners LLC increased its position in S&P Global by 7.8% in the second quarter. Sivia Capital Partners LLC now owns 1,038 shares of the business services provider’s stock worth $547,000 after buying an additional 75 shares during the last quarter. Neuberger Berman Group LLC increased its position in S&P Global by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 1,694,790 shares of the business services provider’s stock worth $893,511,000 after buying an additional 88,526 shares during the last quarter. Jump Financial LLC bought a new stake in shares of S&P Global in the second quarter valued at $552,000. Finally, Main Street Financial Solutions LLC raised its stake in shares of S&P Global by 17.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider’s stock valued at $1,694,000 after buying an additional 472 shares during the period. Hedge funds and other 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.