S&P Global Inc. (NYSE:SPGI) Given Average Rating of "Buy" by Analysts

Key Points

• S&P Global Inc. has been given an average recommendation of "Buy" by analysts, with one hold, thirteen buy, and one strong buy ratings among the fifteen brokerages covering the stock.
• The average 12-month target price for S&P Global is estimated at $614.38 by analysts, reflecting optimism in the company's performance.
• The company reported $4.43 earnings per share for the last quarter, exceeding expectations, and its revenue increased by 5.8% compared to the same quarter last year.

Shares of S&P Global Inc. (NYSE:SPGI - Get Free Report) have been given an average recommendation of "Buy" by the fifteen brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $614.3846.

Several research firms have weighed in on SPGI. BMO Capital Markets lifted their price objective on shares of S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research report on Friday, August 1st. Wells Fargo & Company lifted their price objective on shares of S&P Global from $632.00 to $660.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Citigroup lifted their price objective on shares of S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday. UBS Group lifted their price objective on shares of S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Finally, Oppenheimer lifted their price objective on shares of S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd.

S&P Global Trading Down 0.1%

S&P Global stock opened at $543.51 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market cap of $165.93 billion, a price-to-earnings ratio of 41.81, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. S&P Global has a 1 year low of $427.14 and a 1 year high of $579.05. The firm's 50 day moving average price is $543.18 and its two-hundred day moving average price is $515.09.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.65 billion. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The firm's quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, research analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, August 26th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, August 26th. S&P Global's payout ratio is presently 29.54%.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of S&P Global by 243.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 103 shares of the business services provider's stock valued at $54,000 after buying an additional 73 shares during the period. Valeo Financial Advisors LLC boosted its stake in shares of S&P Global by 5.9% during the 2nd quarter. Valeo Financial Advisors LLC now owns 4,736 shares of the business services provider's stock valued at $2,497,000 after buying an additional 263 shares during the period. SevenBridge Financial Group LLC boosted its stake in shares of S&P Global by 56.0% during the 2nd quarter. SevenBridge Financial Group LLC now owns 3,810 shares of the business services provider's stock valued at $2,130,000 after buying an additional 1,367 shares during the period. Osaic Holdings Inc. boosted its stake in shares of S&P Global by 44.3% during the 2nd quarter. Osaic Holdings Inc. now owns 52,028 shares of the business services provider's stock valued at $27,171,000 after buying an additional 15,976 shares during the period. Finally, American Trust boosted its stake in shares of S&P Global by 24.1% during the 2nd quarter. American Trust now owns 3,740 shares of the business services provider's stock valued at $1,972,000 after buying an additional 727 shares during the period. Institutional investors and hedge funds own 87.17% of the company's stock.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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