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

Key Points

• Weiss Ratings has reiterated a "buy (B)" rating for S&P Global (NYSE:SPGI), reflecting positive analyst sentiment towards the stock.
• Multiple analysts, including Oppenheimer and Citigroup, have adjusted their price targets for S&P Global upwards, indicating an optimistic outlook with a consensus target price of $614.23.
• As of the latest report, institutional investors own 87.17% of S&P Global's stock, underscoring strong confidence in the company's future performance.

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

SPGI has been the topic of a number of other reports. Oppenheimer boosted their price target on S&P Global from $567.00 to $592.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Mizuho boosted their target price on shares of S&P Global from $637.00 to $643.00 and gave the company an "outperform" rating in a research note on Thursday, October 16th. Citigroup boosted their target price on shares of S&P Global from $600.00 to $635.00 and gave the company a "buy" rating in a research note on Monday, September 15th. JPMorgan Chase & Co. boosted their target price on shares of S&P Global from $575.00 to $625.00 and gave the company an "overweight" rating in a research note on Monday, July 21st. Finally, BMO Capital Markets decreased their target price on shares of S&P Global from $621.00 to $558.00 and set an "outperform" rating for the company in a research note on Thursday, October 16th. Two equities research analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $614.23.

S&P Global Stock Performance

Shares of SPGI opened at $489.02 on Friday. 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 business's 50 day moving average price is $514.03 and its 200-day moving average price is $513.81. S&P Global has a 52 week low of $427.14 and a 52 week high of $579.05. The stock has a market cap of $149.30 billion, a P/E ratio of 37.62, a P/E/G ratio of 2.55 and a beta of 1.19.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 EPS for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The firm had revenue of $1.87 billion for the quarter. Equities research analysts anticipate that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Emerald Advisers LLC boosted its holdings in shares of S&P Global by 2.0% during 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 boosted its holdings in shares of S&P Global by 1.0% during 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 boosted its holdings in shares of S&P Global by 2.1% during 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 boosted its holdings in shares of S&P Global by 4.5% during 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 boosted its holdings in shares of S&P Global by 3.1% during 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. Institutional investors 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.

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