S&P Global's (SPGI) Outperform Rating Reaffirmed at Royal Bank Of Canada

Key Points

• Royal Bank of Canada reaffirmed its “outperform” rating on S&P Global and maintained a $510 price target, implying approximately 17.7% upside from the reported share price.
• Analyst sentiment remains broadly positive: 18 analysts rate the stock a Buy, one rates it Hold and one rates it Sell. The consensus rating is “Moderate Buy,” with an average target price of $523.59.
• S&P Global recently exceeded quarterly expectations, reporting $4.83 in earnings per share and $4.15 billion in revenue, with revenue up 10.4% year over year; institutional investors own 87.17% of the company.

S&P Global (NYSE:SPGI - Get Free Report)'s stock had its "outperform" rating reaffirmed by stock 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 target price on the business services provider's stock. Royal Bank Of Canada's price target points to a potential upside of 17.73% from the company's current price.

Several other analysts also recently commented on SPGI. Citigroup raised their price objective on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Stifel Nicolaus increased their target price on shares of S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. UBS Group reduced their price target on shares of S&P Global from $550.00 to $525.00 and set a "buy" rating for the company in a report on Tuesday, July 7th. Daiwa Securities Group decreased their price target on shares of S&P Global from $490.00 to $485.00 and set an "outperform" rating for the company in a research note on Wednesday, May 20th. Finally, BMO Capital Markets upped their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an "outperform" rating in a report on Tuesday, July 7th. Eighteen analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, S&P Global has an average rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Stock Performance

SPGI stock opened at $433.18 on Wednesday. The firm 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. 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 has a 50-day moving average price of $423.07 and a 200-day moving average price of $424.29. S&P Global has a 1-year low of $381.61 and a 1-year high of $554.56.

S&P Global (NYSE:SPGI - Get Free Report) last released its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.09 billion. During the same quarter last year, the firm posted $4.43 earnings per share. The firm's 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 expect that S&P Global will post 17.75 earnings per share for the current year.

Institutional Trading of S&P Global

Several hedge funds have recently bought and sold shares of SPGI. California State Teachers Retirement System grew its holdings in shares of S&P Global by 39,515.8% during the second quarter. California State Teachers Retirement System now owns 187,868,631 shares of the business services provider's stock valued at $76,511,379,000 after buying an additional 187,394,404 shares during the last quarter. State Street Corp raised its holdings in shares of S&P Global by 1.1% in the 4th quarter. State Street Corp now owns 14,259,690 shares of the business services provider's stock worth $7,451,971,000 after acquiring an additional 157,301 shares during the last quarter. TCI Fund Management Ltd. lifted its position in S&P Global by 5.4% in the 4th quarter. TCI Fund Management Ltd. now owns 11,790,310 shares of the business services provider's stock valued at $6,161,498,000 after acquiring an additional 600,440 shares in the last quarter. Morgan Stanley lifted its position in S&P Global by 3.3% in the 4th quarter. Morgan Stanley now owns 8,333,099 shares of the business services provider's stock valued at $4,354,796,000 after acquiring an additional 263,051 shares in the last quarter. Finally, Norges Bank acquired a new position in S&P Global during the 4th quarter valued at about $2,398,991,000. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Company Profile

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.

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