Brokerages Set S&P Global Inc. (NYSE:SPGI) Price Target at $583.85

S&P Global Inc. (NYSE:SPGI) has recently gained attention in the financial markets as analysts provide a consensus rating of "Moderate Buy". This consensus comes from a total of fifteen ratings firms that are currently covering the company, according to Marketbeat. Among these analysts, two have recommended holding the stock, while thirteen have suggested a buy recommendation.

Looking specifically at the price targets, the average one-year target price set by these analysts is approximately $583.62. This reflects a positive outlook on the stock's performance over the next year.

Recent Analyst Opinions

Several equities analysts have updated their evaluations of S&P Global recently. For instance, Raymond James reduced their rating from "outperform" to "market perform" in a report dated September 23rd. Following this, Wells Fargo & Company adjusted their price target from $620.00 to $617.00, maintaining an "overweight" rating for S&P Global.

In contrast, Morgan Stanley raised their target price from $570.00 to $595.00 and also assigned an "overweight" rating to the stock in a research note on December 12th. Adding to this, Citigroup initiated coverage of S&P Global on December 20th, issuing a "buy" rating alongside a $600.00 price target. Lastly, Stifel Nicolaus increased their price target from $540.00 to $560.00, continuing their "buy" stance as of October 28th.

Institutional Investments in S&P Global

In addition to analyst ratings, institutional investors have been actively adjusting their positions in S&P Global. Recently, Northwest Investment Counselors LLC acquired a new stake in the company during the third quarter valued at around $27,000, while First Personal Financial Services also entered a new position valued at approximately $29,000.

Moreover, Sachetta LLC significantly increased its stake in S&P Global by 103.4% during the second quarter, now holding 59 shares valued at around $29,000 after adding 30 more shares. Capital Performance Advisors LLP and HWG Holdings LP have similarly purchased new positions in S&P Global recently.

Overall, institutional investors and hedge funds now hold approximately 87.17% of the company’s stock, highlighting strong institutional interest.

Current Stock Performance Overview

As of Thursday, S&P Global's stock opened at $483.17. The company boasts a market capitalization of $149.93 billion and reports a price-to-earnings (P/E) ratio of 42.65, along with a PEG ratio of 2.53 and a beta of 1.20. Its 50-day simple moving average is $504.66, and the two-hundred day moving average stands at $499.52.

Over the past year, S&P Global has experienced a range, with a fifty-two week low of $407.69 and a high of $533.29. The company’s most recent quarterly earnings report was released on October 24th, where S&P Global announced earnings of $3.89 per share, surpassing analyst expectations of $3.64 per share by $0.25. Revenue during this quarter totaled $3.58 billion, exceeding the anticipated $3.43 billion.

About S&P Global Inc.

S&P Global, Inc. is known for providing transparent and independent ratings, benchmarks, analytics, and data services to the capital and commodity markets worldwide. The company operates through several segments, including Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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