Weiss Ratings Reaffirms Buy (B) Rating for S&P Global (NYSE:SPGI)

Key Points

• S&P Global's stock has been reaffirmed with a Buy (B) rating by Weiss Ratings, indicating strong investor confidence.
• Multiple analysts have upgraded their target prices for the stock, with BMO Capital Markets raising it from $604 to $621, contributing to a consensus target of $614.46.
• S&P Global reported earnings of $4.43 per share, surpassing expectations, with year-over-year revenue growth of 5.8%.

S&P Global (NYSE:SPGI - Get Free Report)'s stock had its "buy (b)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other research analysts have also recently commented on SPGI. Seaport Res Ptn raised S&P Global to a "strong-buy" rating in a research note on Wednesday, October 1st. BMO Capital Markets boosted their target price on S&P Global from $604.00 to $621.00 and gave the stock an "outperform" rating in a research note on Friday, August 1st. Morgan Stanley boosted their target price on S&P Global from $595.00 to $615.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company boosted their target price on S&P Global from $660.00 to $661.00 and gave the stock an "overweight" rating in a research note on Friday, September 19th. Finally, UBS Group boosted their target price on S&P Global from $575.00 to $620.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have given a Buy rating to the company. According to data from MarketBeat, S&P Global currently has an average rating of "Buy" and a consensus price target of $614.46.

S&P Global Trading Up 0.2%

Shares of NYSE SPGI traded up $0.98 during trading on Wednesday, reaching $482.20. The stock had a trading volume of 1,597,460 shares, compared to its average volume of 1,769,112. S&P Global has a fifty-two week low of $427.14 and a fifty-two week high of $579.05. 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 business's 50-day moving average price is $532.35 and its 200-day moving average price is $514.56. The company has a market cap of $147.22 billion, a P/E ratio of 37.09, a PEG ratio of 2.56 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The company's revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.04 earnings per share. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts predict that S&P Global will post 17.11 EPS for the current fiscal year.

Institutional Trading of S&P Global

Several institutional investors and hedge funds have recently made changes to their positions in the company. Emerald Advisers LLC lifted its holdings in shares of S&P Global by 2.0% in the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider's stock valued at $480,000 after purchasing an additional 18 shares during the last quarter. Fullcircle Wealth LLC lifted its holdings in shares of S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider's stock valued at $984,000 after purchasing an additional 18 shares during the last quarter. Summitry LLC lifted its holdings in shares of S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider's stock valued at $466,000 after purchasing an additional 18 shares during the last quarter. Hamilton Capital LLC lifted its holdings in shares of S&P Global by 4.5% in the 2nd quarter. Hamilton Capital LLC now owns 418 shares of the business services provider's stock valued at $220,000 after purchasing an additional 18 shares during the last quarter. Finally, Sand Hill Global Advisors LLC lifted its holdings in shares of S&P Global by 3.1% in the 2nd quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider's stock valued at $333,000 after purchasing an additional 19 shares during the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

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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