S&P Global (NYSE:SPGI) Rating Increased to Hold at Zacks Research

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

Several other analysts also recently commented on the company. JPMorgan Chase & Co. dropped their price objective on S&P Global from $555.00 to $530.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 29th. Barclays decreased their target price on 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. Weiss Ratings restated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Stifel Nicolaus raised their price target on S&P Global from $489.00 to $521.00 and gave the stock a “buy” rating in a research report on Friday, July 17th. Finally, Citigroup lifted their price objective on S&P Global from $454.00 to $500.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and a consensus price target of $523.59.

S&P Global Stock Down 1.5%

Shares of NYSE SPGI opened at $412.19 on Monday. S&P Global has a 52-week low of $381.61 and a 52-week high of $552.25. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a market cap of $121.51 billion, a P/E ratio of 25.16, a P/E/G ratio of 2.02 and a beta of 1.07. The firm has a 50 day moving average price of $427.20 and a 200 day moving average price of $425.74.

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

Hedge Funds Weigh In On S&P Global

Large investors have recently added to or reduced their stakes in the company. Dorsey Asset Management LLC bought a new position in S&P Global during the first quarter valued at $94,716,000. Troy Asset Management Ltd lifted its position 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 during the last quarter. Capital International Inc. CA lifted its position in shares of S&P Global by 11.6% during the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of S&P Global by 17.9% during the 1st quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock worth $8,509,000 after acquiring an additional 3,038 shares during the period. Finally, ABN Amro Investment Solutions increased its holdings 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 acquiring an additional 8,997 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

About S&P Global

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.