S&P Global Inc. (NYSE:SPGI) Given Average Rating of “Buy” by Analysts

S&P Global Inc. (NYSE:SPGI) has earned an average recommendation of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Sixteen investment analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $615.6429.

A number of brokerages have commented on SPGI. BMO Capital Markets set a $546.00 price target on S&P Global in a research note on Friday, November 14th. Mizuho raised their target price on shares of S&P Global from $637.00 to $643.00 and gave the stock an “outperform” rating in a report on Thursday, October 16th. JPMorgan Chase & Co. decreased their target price on shares of S&P Global from $635.00 to $615.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Morgan Stanley increased their price target on shares of S&P Global from $620.00 to $627.00 and gave the company an “overweight” rating in a research report on Tuesday, January 13th. Finally, Stifel Nicolaus cut their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating on the stock in a report on Friday, October 31st.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Oliver Lagore Vanvalin Investment Group purchased a new position in shares of S&P Global during the second quarter valued at approximately $26,000. MTM Investment Management LLC purchased a new stake in S&P Global in the second quarter worth $27,000. J.Safra Asset Management Corp bought a new stake in S&P Global in the third quarter valued at $29,000. Spurstone Advisory Services LLC bought a new stake in S&P Global in the second quarter valued at $34,000. Finally, Howard Hughes Medical Institute purchased a new position in S&P Global during the 2nd quarter valued at $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Stock Performance

NYSE SPGI opened at $546.25 on Monday. The company has a 50-day simple moving average of $511.03 and a two-hundred day simple moving average of $517.09. S&P Global has a 12-month low of $427.14 and a 12-month high of $579.05. The firm has a market cap of $165.40 billion, a price-to-earnings ratio of 39.73, a PEG ratio of 2.33 and a beta of 1.21. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 30th. The business services provider reported $4.73 EPS for the quarter, topping the consensus estimate of $4.26 by $0.47. The firm had revenue of $3.89 billion for the quarter, compared to the consensus estimate of $3.77 billion. S&P Global had a return on equity of 15.90% and a net margin of 28.10%.The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.89 earnings per share. S&P Global has set its FY 2025 guidance at 14.800-15.050 EPS. On average, equities analysts forecast that S&P Global will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, February 25th. This is a boost from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 annualized dividend and a dividend yield of 0.7%. S&P Global’s payout ratio is 27.93%.

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.