Seaport Res Ptn Upgrades S&P Global (NYSE:SPGI) to Strong-Buy

S&P Global (NYSE:SPGI) was upgraded by Seaport Res Ptn to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. BMO Capital Markets lifted their price target on S&P Global from $604.00 to $621.00 and gave the stock an “outperform” rating in a research note on Friday, August 1st. Wells Fargo & Company lifted their price target on S&P Global from $660.00 to $661.00 and gave the stock an “overweight” rating in a research note on Friday, September 19th. Citigroup lifted their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. UBS Group lifted their price target on S&P Global from $575.00 to $620.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Finally, Barclays lifted their price target on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating and thirteen have given a Buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $614.46.

S&P Global Trading Down 1.1%

NYSE:SPGI opened at $476.29 on Wednesday. The company has a market capitalization of $145.41 billion, a PE ratio of 36.64, a price-to-earnings-growth ratio of 2.58 and a beta of 1.19. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global has a 52-week low of $427.14 and a 52-week high of $579.05. The stock has a fifty day simple moving average of $536.46 and a 200-day simple moving average of $514.96.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, July 31st. The business services provider reported $4.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.18 by $0.25. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.65 billion. S&P Global had a return on equity of 15.11% and a net margin of 27.30%.The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.04 EPS. S&P Global has set its FY 2025 guidance at 17.000-17.250 EPS. On average, equities research analysts expect that S&P Global will post 17.11 earnings per share for the current fiscal year.

Institutional Trading of S&P Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPGI. Brighton Jones LLC grew its holdings in S&P Global by 4.7% in the 4th quarter. Brighton Jones LLC now owns 3,176 shares of the business services provider’s stock valued at $1,582,000 after buying an additional 143 shares during the period. ST Germain D J Co. Inc. grew its holdings in S&P Global by 9.5% in the 1st quarter. ST Germain D J Co. Inc. now owns 357 shares of the business services provider’s stock valued at $181,000 after buying an additional 31 shares during the period. Lake Street Private Wealth LLC grew its holdings in S&P Global by 12.1% in the 1st quarter. Lake Street Private Wealth LLC now owns 463 shares of the business services provider’s stock valued at $235,000 after buying an additional 50 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of S&P Global by 31.4% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 6,219 shares of the business services provider’s stock worth $3,160,000 after purchasing an additional 1,485 shares during the period. Finally, Chatham Capital Group Inc. grew its holdings in shares of S&P Global by 3.4% during the 1st quarter. Chatham Capital Group Inc. now owns 4,549 shares of the business services provider’s stock worth $2,311,000 after purchasing an additional 149 shares during the period. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.