S&P Global (NYSE:SPGI) Price Target Raised to $495.00 at BMO Capital Markets

S&P Global (NYSE:SPGI) had its price target raised by equities research analysts at BMO Capital Markets from $482.00 to $495.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price would indicate a potential upside of 13.87% from the company’s previous close.

A number of other research firms have also commented on SPGI. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. Stifel Nicolaus cut their price target on shares of S&P Global from $599.00 to $489.00 and set a “buy” rating on the stock in a report on Wednesday, February 11th. UBS Group reduced their price objective on shares of S&P Global from $620.00 to $550.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Evercore set a $625.00 price objective on shares of S&P Global and gave the stock an “outperform” rating in a report on Wednesday, February 11th. Finally, Weiss Ratings cut shares of S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $563.53.

S&P Global Trading Up 1.9%

Shares of S&P Global stock opened at $434.71 on Tuesday. The company’s 50-day moving average price is $472.19 and its 200-day moving average price is $492.45. The company has a market cap of $129.89 billion, a price-to-earnings ratio of 29.37, a PEG ratio of 1.87 and a beta of 1.23. 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 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SPGI. Rockefeller Capital Management L.P. boosted its holdings in S&P Global by 27.0% in the fourth quarter. Rockefeller Capital Management L.P. now owns 81,206 shares of the business services provider’s stock worth $42,438,000 after acquiring an additional 17,278 shares in the last quarter. Nalls Sherbakoff Group LLC bought a new position in shares of S&P Global in the fourth quarter worth approximately $233,000. Meadowbrook Advisors Group LLC bought a new position in shares of S&P Global during the fourth quarter worth $672,000. Larry Mathis Financial Planning LLC purchased a new position in shares of S&P Global in the fourth quarter valued at $329,000. Finally, Corient Private Wealth LLC increased its position in S&P Global by 14.8% in the fourth quarter. Corient Private Wealth LLC now owns 634,713 shares of the business services provider’s stock worth $332,221,000 after purchasing an additional 81,994 shares during the last quarter. 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.