S&P Global (NYSE:SPGI) Given New $632.00 Price Target at Evercore ISI

S&P Global (NYSE:SPGI) had its price objective lifted by Evercore ISI from $629.00 to $632.00 in a report published on Thursday morning, MarketBeat.com reports. Evercore ISI currently has an outperform rating on the business services provider’s stock.

SPGI has been the subject of several other research reports. Morgan Stanley boosted their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research report on Thursday, October 9th. Weiss Ratings reiterated a “buy (b-)” rating on shares of S&P Global in a report on Monday, December 29th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. decreased their price objective on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research report on Friday, October 31st. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $640.00 price objective on shares of S&P Global in a research note on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating and sixteen have assigned a Buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $615.14.

S&P Global Price Performance

Shares of S&P Global stock opened at $541.37 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.97 and a current ratio of 0.97. S&P Global has a 52-week low of $427.14 and a 52-week high of $579.05. The company has a fifty day moving average of $505.05 and a 200-day moving average of $516.23. The stock has a market capitalization of $163.93 billion, a price-to-earnings ratio of 39.37, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion during the quarter. S&P Global had a net margin of 28.10% and a return on equity of 15.90%. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. Equities research analysts expect that S&P Global will post 17.11 EPS for the current year.

Hedge Funds Weigh In On S&P Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Emerald Advisers LLC boosted its position in S&P Global by 2.0% during the 2nd quarter. Emerald Advisers LLC now owns 911 shares of the business services provider’s stock valued at $480,000 after acquiring an additional 18 shares in the last quarter. Fullcircle Wealth LLC lifted its stake in shares of S&P Global by 1.0% in the 2nd quarter. Fullcircle Wealth LLC now owns 1,748 shares of the business services provider’s stock valued at $984,000 after purchasing an additional 18 shares during the period. Summitry LLC lifted its stake in shares of S&P Global by 2.1% in the 2nd quarter. Summitry LLC now owns 883 shares of the business services provider’s stock valued at $466,000 after purchasing an additional 18 shares during the period. Hamilton Capital LLC boosted its position in shares of S&P Global by 4.5% during the second quarter. Hamilton Capital LLC now owns 418 shares of the business services provider’s stock valued at $220,000 after purchasing an additional 18 shares in the last quarter. Finally, Sand Hill Global Advisors LLC grew its stake in S&P Global by 3.1% in the second quarter. Sand Hill Global Advisors LLC now owns 632 shares of the business services provider’s stock worth $333,000 after purchasing an additional 19 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 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.