S&P Global (NYSE:SPGI) Price Target Raised to $554.00

S&P Global (NYSE:SPGI) had its price target raised by Mizuho from $551.00 to $554.00 in a research note published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the business services provider’s stock.

A number of other analysts also recently issued reports on the company. Barclays reaffirmed an “overweight” rating and issued a $565.00 target price on shares of S&P Global in a research note on Monday, February 23rd. Stifel Nicolaus cut their target price on S&P Global from $599.00 to $489.00 and set a “buy” rating for the company in a research note on Wednesday, February 11th. Robert W. Baird set a $546.00 target price on S&P Global in a research note on Wednesday, February 11th. Evercore cut their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating on shares of S&P Global in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $550.63.

S&P Global Trading Up 1.2%

Shares of SPGI stock opened at $428.64 on Tuesday. The stock’s fifty day moving average is $431.09 and its two-hundred day moving average is $472.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.68 and a current ratio of 0.68. The firm has a market capitalization of $126.88 billion, a P/E ratio of 27.13, a PEG ratio of 1.81 and a beta of 1.11. S&P Global has a fifty-two week low of $381.61 and a fifty-two week high of $579.05.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Research analysts expect that S&P Global will post 19.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other S&P Global news, CEO Martina Cheung acquired 2,322 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was purchased at an average cost of $429.93 per share, with a total value of $998,297.46. Following the transaction, the chief executive officer owned 27,518 shares of the company’s stock, valued at $11,830,813.74. This trade represents a 9.22% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Robert Edward Jr. Moritz acquired 1,152 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The shares were acquired at an average cost of $434.03 per share, with a total value of $500,002.56. Following the completion of the transaction, the director directly owned 1,152 shares in the company, valued at approximately $500,002.56. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 5,974 shares of company stock valued at $2,576,775. 0.03% of the stock is currently owned by insiders.

Hedge Funds Weigh In On S&P Global

Large investors have recently made changes to their positions in the stock. J.Safra Asset Management Corp acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Joseph Group Capital Management acquired a new position in shares of S&P Global in the 4th quarter worth approximately $29,000. North Star Investment Management Corp. lifted its holdings in shares of S&P Global by 134.6% in the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new position in shares of S&P Global in the 4th quarter worth approximately $36,000. Finally, Palisade Asset Management LLC acquired a new position in shares of S&P Global in the 3rd quarter worth approximately $36,000. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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.