SPGI

S&P Global (NYSE:SPGI) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 4.59% Raymond James $422 → $452 Maintains Outperform 10/05/2023 -6.75% Raymond James $421 → $403 Maintains Outperform 10/03/2023 -1.89% Morgan Stanley $450 → $424 Maintains Overweight 07/28/2023 4.36% Baird $460 → $451 Maintains Outperform 07/28/2023 2.04% Oppenheimer $425 → $441 Maintains Outperform 07/28/2023 8.75% Barclays $425 → $470 Maintains Overweight 07/13/2023 4.13% Wells Fargo $415 → $450 Maintains Overweight 07/12/2023 -2.58% Raymond James $413 → $421 Maintains Outperform 07/10/2023 -1.2% Morgan Stanley $400 → $427 Maintains Overweight 06/15/2023 7.6% B of A Securities → $465 Initiates Coverage On → Buy 06/14/2023 0.42% RBC Capital → $434 Reiterates Outperform → Outperform 05/09/2023 -3.97% Wells Fargo → $415 Initiates Coverage On → Overweight 04/28/2023 -6.06% Oppenheimer $405 → $406 Maintains Outperform 04/28/2023 -5.13% BMO Capital $404 → $410 Maintains Outperform 04/28/2023 -7.44%

The S&P Global US manufacturing index for December was revised downwards to 47.9 from the flash reading of 48.2, compared with expectations for a slight increase to 48.4 in a survey compiled by Bloomberg as of 7:40 am ET. The December index stands below the 49.4 reading in November, indicating a faster pace of contraction. This was the quickest decline since August. The decline was due to slower customer demand in the form of new orders that resulted from decreased purchasing power and heightened economic uncertainty.

S&P 500 Q3 2023 Buybacks Up 6.1% and Impact to Earnings Per Share Continues to Decline; Buyback Tax Reduced Operating Earnings by 0.39% PR Newswire NEW YORK, Dec. 19, 2023 — S&P 500 Q3 2023 buybacks were $185.6 billion, up 6.1% from Q2 2023’s $174.9 billion and down 12.0% from Q3 2022’s $210.8 billion — The 12-month September 2023 expenditure of $787.3 billion was down 19.8% from the $981.6 billion expenditure of September 2022 — Financials pulled back again to $29.3 billion from $32.7 billion in Q2 2023 and $46.9 billion in Q1 2023; Information Technology ticked up to $48.6 billion from Q2’s $47.1 billion — Energy pulled back to $16.2 billion, representing 8.7% of all buybacks; whereas the sector represented 4.4% of the market value and had four issues in the top 20 for the quarter — The new net buyback 1% tax reduced Q3 2023 operating earnings by

US private-sector activity signaled “modest” expansion in December led by the services component, while output expectations over the coming year improved, according to S&P Global’s (SPGI) flash purchasing managers’ index released Friday. The composite output index this month rose to 51 — a five-month high — from 50.7 in November, topping the 50.5 consensus in a survey complied by Bloomberg. The 50-point mark separates expansion from contraction. Services sector output rose to a five-month high of 51.3 in December from 50.8 last month, while the manufacturing PMI fell to a four month-low of 48.2 from 49.4. Wall Street was looking for 50.7 and 49.5, respectively. “Looser financial conditions have helped boost demand, business activity and employment in the service sector, and have also helped lift future output expectations higher,” S&P Global Market Intelligence Chief Business Economist Chris Williamson said. “However, the increased cost of living and cautious approach to spending

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $10 to $470, a forward P/E of 32.4x our 2024 earnings estimate, a premium to the five-year historic average of 28.2x given higher recurring revenue and expectations for above-trend growth. We increase our 2023 EPS by $0.05 to $12.68 and raise 2024’s by $0.04 to $14.49. SPGI posted Q3 adjusted EPS of $3.21 vs. $2.93 a year ago, a $0.17 earnings beat. SPGI’s operating power was on full display in the quarter as accelerating growth was identified in each of the companies’ divisions. Leading the charge was Ratings (+20% Y/Y), which benefited from growth in transaction revenue as billed issuance increased significantly from prior depressed levels. Encouraging signs were also seen in Commodity Insights (+11%) with strong subscription growth, as

S&P Global (NYSE:SPGI) reported quarterly adj earnings of $3.21 per share which beat the analyst consensus estimate of $3.05 by 5.25 percent. This is a 9.56 percent increase over earnings of $2.93 per share from the same period last year. The company reported quarterly sales of $3.08 billion which beat the analyst consensus estimate of $3.02 billion by 2.12 percent. This is a 7.79 percent increase over sales of $2.86 billion the same period last year.

S&P Global Sees FY23 Revenue Up 10% to 12%.

S&P Global: Additional $1.3 Billion ASR to Be Launched in Coming Weeks.

S&P Global posted higher sales and earnings for the third quarter, lifted by strength across the data-and-analytics company. The New York-based credit-ratings and data provider reported a profit of $742 million, or $2.33 a share, up from $608 million, or $1.84 a share, in the same quarter a year ago. Stripping out one-time items, adjusted earnings were $3.21 a share. Analysts surveyed by FactSet expected adjusted earnings of $3.04 a share. Sales rose 8% to $3.08 billion. Analysts surveyed by FactSet expected $3.03 billion. Sales rose across all of the company’s businesses, excluding its engineering-solutions business, which it has agreed to sell for $975 million to private-equity buyers. S&P Global’s ratings business recorded a 20% rise in sales and its market-intelligence unit posted an 8% increase in sales.

S&P Global Reiterates 2023 GAAP Revenue Guidance; Narrows Adjusted Revenue Growth Forecast From 4%-6% To 4.5%-5.5%。