BMO Capital Markets Forecasts Strong Price Appreciation for S&P Global (NYSE:SPGI) Stock

S&P Global (NYSE:SPGI) had its price objective raised by equities research analysts at BMO Capital Markets from $482.00 to $495.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the business services provider’s stock. BMO Capital Markets’ target price suggests a potential upside of 13.87% from the stock’s previous close.

SPGI has been the subject of several other reports. Morgan Stanley boosted their target price on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group set a $498.00 price target on S&P Global in a research report on Wednesday, February 11th. Evercore set a $625.00 target price on shares of S&P Global and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada reduced their price target on S&P Global from $620.00 to $560.00 and set an “outperform” rating on the stock in a report on Wednesday, February 11th. Finally, Mizuho cut their price objective on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a research report on Thursday, February 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target of $563.53.

S&P Global Stock Performance

Shares of S&P Global stock opened at $434.71 on Tuesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.40. The stock’s fifty day moving average price is $472.19 and its 200-day moving average price is $492.45. The firm has a market cap of $129.89 billion, a P/E ratio of 29.37, a P/E/G ratio of 1.87 and a beta of 1.23. S&P Global has a 12 month low of $381.61 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, February 10th. The business services provider reported $4.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a return on equity of 16.56% and a net margin of 29.16%.The business had revenue of $3.92 billion for the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter in the previous year, the company earned $3.77 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On S&P Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its stake in shares of S&P Global by 27.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 81,206 shares of the business services provider’s stock worth $42,438,000 after acquiring an additional 17,278 shares in the last quarter. Nalls Sherbakoff Group LLC purchased a new position in S&P Global in the 4th quarter valued at approximately $233,000. Meadowbrook Advisors Group LLC purchased a new stake in S&P Global during the fourth quarter worth $672,000. Larry Mathis Financial Planning LLC purchased a new stake in shares of S&P Global in the fourth quarter valued at about $329,000. Finally, Corient Private Wealth LLC boosted its stake in S&P Global by 14.8% in the 4th quarter. Corient Private Wealth LLC now owns 634,713 shares of the business services provider’s stock worth $332,221,000 after buying an additional 81,994 shares during the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

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.