S&P Global (NYSE:SPGI) Upgraded at Zacks Research

S&P Global (NYSE:SPGI) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

A number of other research firms have also commented on SPGI. UBS Group cut their price objective on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating for the company in a research report on Tuesday, July 7th. Barclays cut their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a report on Wednesday, July 29th. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Rothschild & Co Redburn dropped their price objective on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $510.00 target price on shares of S&P Global in a research note on Wednesday, August 26th. Eighteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, S&P Global has an average rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

S&P Global stock opened at $412.19 on Monday. The firm has a market capitalization of $121.51 billion, a P/E ratio of 25.16, a PEG ratio of 2.02 and a beta of 1.07. S&P Global has a one year low of $381.61 and a one year high of $552.25. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.95 and a quick ratio of 0.95. The business has a fifty day moving average price of $427.20 and a 200-day moving average price of $425.74.

S&P Global (NYSE:SPGI) last issued 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 return on equity of 17.74% and a net margin of 31.37%.The business had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 EPS. The firm’s quarterly revenue was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. As a group, equities research analysts forecast that S&P Global will post 17.75 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SPGI. Pingora Partners LLC purchased a new position in shares of S&P Global in the 2nd quarter worth about $29,000. Palladiem LLC purchased a new position in shares of S&P Global during the 4th quarter valued at about $36,000. WPG Advisers LLC raised its holdings in shares of S&P Global by 37.0% during the 2nd quarter. WPG Advisers LLC now owns 100 shares of the business services provider’s stock valued at $41,000 after buying an additional 27 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in S&P Global in the 4th quarter worth approximately $44,000. Finally, Fiduciary Financial Advisors purchased a new stake in S&P Global in the second quarter worth approximately $46,000. Institutional investors own 87.17% of the company’s stock.

About S&P Global

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.