S&P Global (NYSE:SPGI) Price Target Raised to $635.00 at Citigroup

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 price objective increased by Citigroup from $600.00 to $635.00 in a report released on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Citigroup's target price indicates a potential upside of 16.56% from the stock's previous close.

Several other equities analysts have also recently commented on SPGI. BMO Capital Markets boosted their target price on shares of S&P Global from $604.00 to $621.00 and gave the company an "outperform" rating in a research report on Friday, August 1st. UBS Group lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Barclays upped their price target on shares of S&P Global from $610.00 to $620.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Oppenheimer upped their price target on shares of S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley upped their price target on shares of S&P Global from $595.00 to $615.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. One equities 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 MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $614.38.

S&P Global Stock Performance

Shares of NYSE SPGI traded up $0.54 during mid-day trading on Monday, reaching $544.77. 90,429 shares of the company were exchanged, compared to its average volume of 1,250,671. The company's 50-day simple moving average is $542.91 and its 200-day simple moving average is $515.02. 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 capitalization of $166.32 billion, a P/E ratio of 41.87, a P/E/G ratio of 2.91 and a beta of 1.20. S&P Global has a twelve month low of $427.14 and a twelve month high of $579.05.

S&P Global (NYSE:SPGI - Get Free Report) last posted its earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $3.65 billion. During the same quarter last year, the company posted $4.04 EPS. S&P Global's quarterly 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 predict that S&P Global will post 17.11 earnings per share for the current year.

Institutional Trading of S&P Global

A number of large investors have recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new position in shares of S&P Global in the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new position in shares of S&P Global in the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global in the second quarter worth about $26,000. MTM Investment Management LLC purchased a new position in shares of S&P Global in the second quarter worth about $27,000. Finally, Smallwood Wealth Investment Management LLC bought a new position in shares of S&P Global in the first quarter valued at approximately $28,000. Hedge funds and other institutional investors 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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