S&P Global (NYSE:SPGI) Price Target Raised to $661.00

Key Points

• Wells Fargo has raised its price target for S&P Global from $660.00 to $661.00, indicating a potential upside of 30.02% from its previous close.
• Several other analysts, including Citigroup and UBS, have also increased their price targets for S&P Global, contributing to its overall consensus rating of "Buy" with an average target price of $614.46.
• S&P Global reported earnings of $4.43 per share for the last quarter, exceeding estimates and showing a 5.8% increase in revenue compared to the same quarter last year.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective lifted by equities research analysts at Wells Fargo & Company from $660.00 to $661.00 in a research note issued to investors on Friday, MarketBeat Ratings reports. The brokerage currently has an "overweight" rating on the business services provider's stock. Wells Fargo & Company's price objective would suggest a potential upside of 30.60% from the company's current price.

A number of other equities research analysts also recently commented on SPGI. Morgan Stanley lifted their target price 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 lifted their price objective on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Oppenheimer increased their target price on S&P Global from $567.00 to $592.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Citigroup raised their target price on S&P Global from $600.00 to $635.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Finally, BMO Capital Markets boosted their price target 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. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, S&P Global currently has a consensus rating of "Buy" and an average price target of $614.46.

S&P Global Stock Performance

NYSE SPGI traded down $1.03 during trading hours on Friday, hitting $506.13. The company's stock had a trading volume of 1,754,391 shares, compared to its average volume of 1,282,993. S&P Global has a 12 month low of $427.14 and a 12 month high of $579.05. The company's 50 day simple moving average is $542.96 and its two-hundred day simple moving average is $515.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market cap of $154.52 billion, a P/E ratio of 38.93, a price-to-earnings-growth ratio of 2.71 and a beta of 1.20.

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 (EPS) for the quarter, beating 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 firm had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.65 billion. During the same quarter last year, the firm posted $4.04 EPS. The business'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, sell-side analysts expect that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Costello Asset Management INC purchased a new position in shares of S&P Global in the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in shares of S&P Global during the first quarter worth about $26,000. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of S&P Global during the second quarter worth about $26,000. MTM Investment Management LLC bought a new stake in S&P Global during the 2nd quarter valued at approximately $27,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in S&P Global in the 1st quarter worth approximately $28,000. 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.