Wall Street Zen Upgrades S&P Global (NYSE:SPGI) to "Hold"

Key Points

• Wall Street Zen upgraded S&P Global to “Hold,” while the broader analyst consensus remains “Moderate Buy,” with 18 Buy, one Hold, and one Sell rating and an average price target of $523.59.
• S&P Global shares opened at $443.30, down 1.6%, with the stock trading below its 52-week high of $552.25 but above its 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $4.83 in earnings per share and $4.15 billion in revenue; revenue increased 10.4% year over year, and institutional investors own 87.17% of the shares.

S&P Global (NYSE:SPGI - Get Free Report) was upgraded by stock analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday, Wall Street Zen reports.

Several other research firms have also recently commented on SPGI. Rothschild & Co Redburn reduced their target price 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. Morgan Stanley dropped their price target on shares of S&P Global from $557.00 to $525.00 and set an "overweight" rating for the company in a research note on Tuesday, July 7th. Stifel Nicolaus upped their price target 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. BMO Capital Markets increased their price objective on shares of S&P Global from $495.00 to $505.00 and gave the company an "outperform" rating in a research note on Tuesday, July 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $510.00 price objective on shares of S&P Global in a report on Wednesday, August 26th. Eighteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $523.59.

S&P Global Trading Down 1.6%

NYSE SPGI opened at $443.30 on Friday. The stock has a market cap of $130.68 billion, a P/E ratio of 27.06, a PEG ratio of 2.17 and a beta of 1.07. The company's fifty day simple moving average is $428.30 and its 200-day simple moving average is $425.39. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating 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 firm had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the business posted $4.43 earnings per share. S&P Global's revenue for the quarter 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. Equities research analysts predict that S&P Global will post 17.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of SPGI. Brighton Jones LLC grew its holdings in shares of S&P Global by 4.7% during 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 grew its stake in S&P Global by 7.8% during the 2nd 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 period. Jump Financial LLC bought a new stake in S&P Global in the second quarter valued at $552,000. Finally, Main Street Financial Solutions LLC grew its position in shares of S&P Global by 17.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,212 shares of the business services provider's stock worth $1,694,000 after acquiring an additional 472 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors.

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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