S&P Global (NYSE:SPGI) Price Target Raised to $620.00 at Morgan Stanley

Key Points

• Morgan Stanley has raised its price target for S&P Global from $615.00 to $620.00, indicating a potential upside of 27.34% from its previous close. The firm maintains an "overweight" rating on the stock.
• Other analysts, including JPMorgan Chase and BMO Capital Markets, have also increased their price targets for S&P Global, reflecting a consensus rating of "Buy" among research analysts.
• S&P Global reported earnings of $4.43 per share, which exceeds analyst expectations and signifies a revenue increase of 5.8% compared to the same quarter last year.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective increased by equities researchers at Morgan Stanley from $615.00 to $620.00 in a research note issued to investors on Thursday, MarketBeat Ratings reports. The firm currently has an "overweight" rating on the business services provider's stock. Morgan Stanley's price target would suggest a potential upside of 27.34% from the stock's previous close.

SPGI has been the topic of several other reports. JPMorgan Chase & Co. increased their price target on S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. BMO Capital Markets raised their target price on S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research note on Friday, August 1st. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a report on Wednesday, October 1st. Oppenheimer upped their price target 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. Finally, Wells Fargo & Company boosted their target price on shares of S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Two research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company's stock. According to data from MarketBeat, S&P Global presently has a consensus rating of "Buy" and a consensus target price of $614.85.

S&P Global Stock Performance

NYSE SPGI opened at $486.90 on Thursday. S&P Global has a twelve month low of $427.14 and a twelve month high of $579.05. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $148.65 billion, a P/E ratio of 37.37, a PEG ratio of 2.56 and a beta of 1.19. The company's 50-day simple moving average is $532.35 and its 200 day simple moving average is $514.56.

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

Hedge Funds Weigh In On S&P Global

Large investors have recently bought and sold shares of the company. Cheviot Value Management LLC bought a new stake in shares of S&P Global in the first quarter worth $26,000. Costello Asset Management INC bought a new position in S&P Global in the first quarter valued at $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global in the 2nd quarter valued at $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the 1st quarter valued at about $28,000. Institutional investors and hedge funds own 87.17% of the company's stock.

About S&P Global

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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