Zacks Research Upgrades S&P Global (NYSE:SPGI) to “Hold”

S&P Global (NYSE:SPGI) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other research analysts have also recently issued reports on SPGI. BMO Capital Markets raised their target price on S&P Global from $495.00 to $505.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 7th. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a report on Thursday, June 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Barclays decreased their price target on shares of S&P Global from $555.00 to $553.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 29th. Finally, UBS Group dropped their price target on shares of S&P Global from $550.00 to $525.00 and set a “buy” rating on the stock in a research note on Tuesday, July 7th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $412.19 on Monday. The firm has a fifty day simple moving average of $427.20 and a two-hundred day simple moving average of $425.74. The firm has a market cap of $121.51 billion, a PE ratio of 25.16, a P/E/G ratio of 2.02 and a beta of 1.07. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 1-year low of $381.61 and a 1-year high of $552.25.

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

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Palladiem LLC purchased a new position in shares of S&P Global in the fourth quarter worth $36,000. Pingora Partners LLC bought a new position in shares of S&P Global during the second quarter worth $29,000. Lloyd Advisory Services LLC. purchased a new position in S&P Global during the fourth quarter valued at $44,000. South Plains Financial Inc. grew its stake in S&P Global by 810.0% during the fourth quarter. South Plains Financial Inc. now owns 91 shares of the business services provider’s stock valued at $48,000 after acquiring an additional 81 shares in the last quarter. Finally, Sankala Group LLC bought a new stake in S&P Global in the 4th quarter valued at $51,000. 87.17% of the stock is owned by hedge funds and other institutional investors.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) provides financial information, analytics, benchmarks and credit ratings to businesses, governments and investors worldwide. Its services are used to evaluate credit risk, analyze markets, value assets, assess commodities and support investment and business decisions.

The company operates through businesses that include S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers financial and industry data, analytics and workflow tools; S&P Global Commodity Insights, which supplies information and pricing assessments for energy and commodity markets; and S&P Dow Jones Indices, which develops and maintains market indexes such as the S&P 500.