S&P Global (NYSE:SPGI) Price Target Raised to $545.00

S&P Global (NYSE:SPGI) had its price objective increased by research analysts at Wells Fargo & Company from $525.00 to $545.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the business services provider’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 21.24% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group decreased their price target on shares of S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. Stifel Nicolaus upped their target price on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a report on Friday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $490.00 price target on shares of S&P Global in a report on Friday, October 16th. Citigroup reaffirmed a “buy” rating on shares of S&P Global in a report on Wednesday. Finally, JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $530.00 to $520.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 14th. Eighteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $519.29.

S&P Global Trading Up 0.1%

NYSE:SPGI opened at $449.52 on Wednesday. S&P Global has a 1-year low of $381.61 and a 1-year high of $552.25. The company’s 50-day moving average is $419.64 and its two-hundred day moving average is $432.90.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, October 27th. The business services provider reported $4.58 earnings per share for the quarter, topping the consensus estimate of $4.43 by $0.15. The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $3.64 billion. During the same period last year, the business earned $4.73 EPS. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. Equities research analysts predict that S&P Global will post 17.69 EPS for the current year.

Institutional Trading of S&P Global

Several institutional investors have recently made changes to their positions in SPGI. Elwood & Goetz Wealth Advisory Group LLC lifted its holdings in shares of S&P Global by 15.2% during the 3rd quarter. Elwood & Goetz Wealth Advisory Group LLC now owns 728 shares of the business services provider’s stock valued at $287,000 after acquiring an additional 96 shares in the last quarter. Sage Rhino Capital LLC increased its stake in shares of S&P Global by 0.7% during the third quarter. Sage Rhino Capital LLC now owns 3,848 shares of the business services provider’s stock valued at $1,518,000 after acquiring an additional 25 shares during the period. DecisionPoint Financial LLC boosted its stake in shares of S&P Global by 11,550.0% during the 3rd quarter. DecisionPoint Financial LLC now owns 233 shares of the business services provider’s stock worth $90,000 after acquiring an additional 231 shares in the last quarter. WPG Advisers LLC lifted its position in shares of S&P Global by 47.0% in the third quarter. WPG Advisers LLC now owns 147 shares of the business services provider’s stock worth $58,000 after purchasing an additional 47 shares in the last quarter. Finally, Pinnacle Wealth Planning Services Inc. increased its stake in shares of S&P Global by 8.1% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,046 shares of the business services provider’s stock worth $807,000 after purchasing an additional 153 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting S&P Global

Here are the key news stories impacting S&P Global this week:

• Positive Sentiment: Q3 earnings and outlook exceeded expectations. S&P Global reported adjusted EPS of $4.58 versus the $4.43 consensus and revenue of $3.68 billion versus $3.64 billion expected. Revenue increased 6.8% year over year, and the company raised its full-year outlook. Growth was particularly strong in its Indices and Market Intelligence businesses. S&P Global Reports Third Quarter Results
• Positive Sentiment: Analyst confidence improved. Morgan Stanley raised its price target from $477 to $515 and maintained an “overweight” rating, implying additional upside based on the referenced share price. The company also expects full-year share repurchases to exceed $7 billion, supporting per-share earnings and shareholder returns. Morgan Stanley rating
• Positive Sentiment: New data and index partnerships could broaden recurring revenue. S&P Dow Jones Indices agreed to launch co-branded commodity benchmarks with Quantix, while S&P Global Ratings expanded its Chainlink collaboration to make Vault Risk Assessment data available onchain. These initiatives could increase licensing, benchmark and risk-data usage across traditional and digital finance. S&P DJI and Quantix collaboration
• Neutral Sentiment: Capital IQ strategic review is the key valuation issue. Management is evaluating strategic alternatives for Capital IQ, Kensho and related data businesses, potentially including a separation. A transaction could unlock value by allowing the businesses to pursue different strategies, but investors lack details on timing, structure and financial impact. S&P Global explores Capital IQ separation
• Negative Sentiment: Investors initially focused on the separation risk. Despite the earnings beat, the stock came under pressure as markets weighed the potential “spinoff math,” execution risks and uncertainty over the future growth profile of S&P Global’s financial-data operations. EPS also declined from $4.73 in the prior-year quarter, tempering the headline earnings beat. S&P Global price swing analysis

About S&P Global

S&P Global (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.