S&P Global (NYSE:SPGI) Raised to Hold at Wall Street Zen

S&P Global (NYSE:SPGI) was upgraded by analysts at Wall Street Zen to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Barclays reduced their price objective on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating for the company in a research note on Wednesday, July 29th. The Goldman Sachs Group cut their price target on S&P Global from $539.00 to $490.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a research report on Monday, July 6th. Royal Bank Of Canada reiterated an “outperform” rating and set a $510.00 price objective on shares of S&P Global in a research note on Wednesday, August 26th. Finally, Daiwa Securities Group dropped their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating on the stock in a report on Wednesday, May 20th. Eighteen investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $523.59.

S&P Global Trading Down 0.0%

Shares of SPGI stock opened at $443.30 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. The firm has a market cap of $130.68 billion, a P/E ratio of 27.06, a PEG ratio of 2.14 and a beta of 1.07. The company has a 50 day moving average of $428.30 and a 200-day moving average of $425.50. S&P Global has a 12-month low of $381.61 and a 12-month high of $552.25.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to the consensus estimate of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Sell-side analysts anticipate that S&P Global will post 17.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Dorsey Asset Management LLC bought a new stake in S&P Global during the first quarter worth about $94,716,000. Troy Asset Management Ltd raised its holdings in shares of S&P Global by 26.2% during the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares in the last quarter. Capital International Inc. CA lifted its position in S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock worth $36,955,000 after buying an additional 7,343 shares during the last quarter. ABN Amro Investment Solutions lifted its position in S&P Global by 6.3% in the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares during the last quarter. Finally, Rit Capital Partners PLC purchased a new stake in S&P Global in the fourth quarter worth approximately $44,160,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.