On Oct 26, major Wall Street analysts update their ratings for $S&P Global (SPGI.US)$, with price targets ranging from $564 to $599.
Morgan Stanley analyst Toni Kaplan maintains with a buy rating, and maintains the target price at $570.
J.P. Morgan analyst Andrew Steinerman maintains with a buy rating, and adjusts the target price from $600 to $585.
Evercore analyst David Motemaden maintains with a buy rating, and maintains the target price at $599.
BMO Capital analyst Jeffrey Silber maintains with a buy rating, and adjusts the target price from $589 to $564.
Oppenheimer analyst Owen Lau maintains with a buy rating, and maintains the target price at $590.
Furthermore, according to the comprehensive report, the opinions of $S&P Global (SPGI.US)$'s main analysts recently are as follows:
S&P Global has been lagging behind post-Q3 announcements, despite robust performance in most divisions and an uplift in guidance. This was overshadowed by another quarter that fell short of expectations in the Market Intelligence sector, which, although only contributing to 20%-25% of the operating income, has expanded significantly following the IHS Markit acquisition and was anticipated to propel growth through synergies. It is expected that a change at the helm could enhance performance, even amidst challenging conditions, and the diversified nature of the business is seen as conducive to appealing earnings growth in the upcoming year, with further potential yet to be tapped.
S&P Global delivered a notable outperformance compared to the consensus, even as expectations were heightened into the earnings. Nevertheless, investors had already recognized the strength in issuance, and the stock experienced a sell-off due to concerns over the potential forward dynamics affecting Ratings in the following year.
S&P Global is viewed as a diversified high-quality compounder with most segments performing well. The near-term outlook appears modestly positive, and the stock presents an appealing entry point for multi-year risk-adjusted compounding.
Here are the latest investment ratings and price targets for $S&P Global (SPGI.US)$ from 5 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
