S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup raised its price target for S&P Global to $635.00 from $600.00, indicating a potential upside of 16.56% based on recent stock performance.
• S&P Global's stock has received multiple upgrades from analysts, with notable targets including $621.00 from BMO Capital and $620.00 from UBS Group.
• The company reported a quarterly earnings per share (EPS) of $4.43, surpassing analysts' expectations and reflecting a 5.8% increase in revenue compared to the previous year.

S&P Global (NYSE:SPGI - Get Free Report) had its target price boosted by equities research analysts at Citigroup from $600.00 to $635.00 in a report released on Monday, MarketBeat.com reports. The firm presently has a "buy" rating on the business services provider's stock. Citigroup's target price indicates a potential upside of 25.18% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Wells Fargo & Company raised their price target 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. JPMorgan Chase & Co. raised their price target on shares of S&P Global from $575.00 to $625.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Morgan Stanley raised their price target on shares of S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. UBS Group raised their price target 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 target price on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Trading Down 0.1%

Shares of NYSE SPGI traded down $0.54 during mid-day trading on Monday, reaching $507.26. The company had a trading volume of 1,806,383 shares, compared to its average volume of 1,266,792. The business's 50-day moving average is $543.36 and its 200-day moving average is $515.32. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The stock has a market cap of $154.87 billion, a price-to-earnings ratio of 39.02, a price-to-earnings-growth ratio of 2.91 and a beta of 1.20. S&P Global has a 52 week low of $427.14 and a 52 week high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last issued its 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. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. The company 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 earned $4.04 EPS. The firm's quarterly revenue was up 5.8% on a year-over-year basis. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. Equities analysts expect that S&P Global will post 17.11 earnings per share for the current year.

Institutional Investors Weigh In On S&P Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. boosted its stake in 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 worth $54,000 after purchasing an additional 73 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in 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 worth $2,497,000 after purchasing an additional 263 shares during the last quarter. SevenBridge Financial Group LLC boosted its stake in 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 worth $2,130,000 after purchasing an additional 1,367 shares during the last quarter. Osaic Holdings Inc. boosted its stake in 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 worth $27,171,000 after purchasing an additional 15,976 shares during the last quarter. Finally, American Trust boosted its position 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 acquiring an additional 727 shares during the last quarter. 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.