S&P Global (NYSE:SPGI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

S&P Global (NYSE:SPGI) had its price objective lifted by investment analysts at Robert W. Baird from $520.00 to $521.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the business services provider’s stock. Robert W. Baird’s price objective would indicate a potential upside of 16.16% from the company’s previous close.

A number of other brokerages have also recently weighed in on SPGI. Evercore reduced their price target on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. JPMorgan Chase & Co. increased their price objective on shares of S&P Global from $535.00 to $555.00 and gave the stock an “overweight” rating in a research report on Monday. Daiwa Securities Group reduced their target price on shares of S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Mizuho upped their price target on shares of S&P Global from $551.00 to $554.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Finally, Rothschild & Co Redburn lowered their price target on S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a report on Thursday, June 18th. Eighteen research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $533.59.

S&P Global Stock Down 0.5%

SPGI stock opened at $448.52 on Tuesday. The stock has a market capitalization of $132.76 billion, a P/E ratio of 28.39, a PEG ratio of 2.18 and a beta of 1.08. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. S&P Global has a one year low of $381.61 and a one year high of $579.05. The company has a 50 day moving average price of $421.91 and a two-hundred day moving average price of $444.17.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 EPS for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $4.37 EPS. The company’s quarterly revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. As a group, sell-side analysts expect that S&P Global will post 19.32 EPS for the current year.

Insider Activity

In other news, CEO Catherine R. Clay bought 2,500 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was acquired at an average cost of $431.39 per share, for a total transaction of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares of the company’s stock, valued at $1,078,475. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Martina Cheung purchased 2,322 shares of the stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average cost of $429.93 per share, with a total value of $998,297.46. Following the completion of the acquisition, the chief executive officer owned 27,518 shares in the company, valued at approximately $11,830,813.74. This represents a 9.22% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 5,974 shares of company stock worth $2,576,775 over the last 90 days. Company insiders own 0.03% of the company’s stock.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of S&P Global in the fourth quarter worth about $29,000. North Star Investment Management Corp. grew its stake in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 35 shares in the last quarter. Palladiem LLC purchased a new stake in S&P Global during the 4th quarter worth approximately $36,000. Palisade Asset Management LLC purchased a new stake in S&P Global during the 3rd quarter worth approximately $36,000. Finally, Swiss RE Ltd. acquired a new position in shares of S&P Global in the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 87.17% of the company’s stock.

About S&P Global

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.