William Blair Increases Earnings Estimates for S&P Global

S&P Global Inc. (NYSE:SPGI) – Equities researchers at William Blair boosted their FY2024 earnings estimates for shares of S&P Global in a note issued to investors on Tuesday, January 21st. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings per share of $15.39 for the year, up from their previous estimate of $15.23. The consensus estimate for S&P Global’s current full-year earnings is $15.30 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.46 EPS, FY2025 earnings at $17.05 EPS and FY2026 earnings at $19.11 EPS.

Several other research analysts have also weighed in on the stock. Stifel Nicolaus upped their target price on shares of S&P Global from $540.00 to $560.00 and gave the stock a “buy” rating in a research report on Monday, October 28th. Robert W. Baird raised their price objective on S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research note on Friday, October 25th. Oppenheimer decreased their target price on S&P Global from $590.00 to $580.00 and set an “outperform” rating on the stock in a research report on Friday, January 3rd. UBS Group raised their price target on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, BMO Capital Markets boosted their price objective on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a research report on Tuesday. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Performance

NYSE SPGI opened at $510.64 on Wednesday. The stock has a market capitalization of $158.45 billion, a price-to-earnings ratio of 45.07, a PEG ratio of 2.32 and a beta of 1.20. The business’s 50 day moving average is $504.76 and its two-hundred day moving average is $502.26. S&P Global has a 12-month low of $407.69 and a 12-month high of $533.29. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, beating the consensus estimate of $3.64 by $0.25. The business had revenue of $3.58 billion for the quarter, compared to the consensus estimate of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.21 earnings per share.

Institutional Investors Weigh In On S&P Global

Large investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of S&P Global during the third quarter worth approximately $27,000. First Personal Financial Services acquired a new position in S&P Global during the 3rd quarter worth $29,000. Capital Performance Advisors LLP bought a new stake in shares of S&P Global in the 3rd quarter worth about $31,000. HWG Holdings LP acquired a new stake in shares of S&P Global in the 2nd quarter valued at about $27,000. Finally, Voisard Asset Management Group Inc. lifted its position in shares of S&P Global by 77.1% during the third quarter. Voisard Asset Management Group Inc. now owns 62 shares of the business services provider’s stock worth $32,000 after purchasing an additional 27 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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.