S&P Global (NYSE:SPGI) Price Target Cut to $520.00 by Analysts at Rothschild & Co Redburn

S&P Global (NYSE:SPGI) had its price target lowered by equities researchers at Rothschild & Co Redburn from $540.00 to $520.00 in a research report issued to clients and investors on Thursday,MarketScreener reports. The firm presently has a “buy” rating on the business services provider’s stock. Rothschild & Co Redburn’s target price would indicate a potential upside of 26.55% from the stock’s current price.

A number of other equities research analysts also recently issued reports on SPGI. Mizuho lifted their price target on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Barclays restated an “overweight” rating and set a $565.00 price objective on shares of S&P Global in a research report on Monday, February 23rd. UBS Group restated a “buy” rating on shares of S&P Global in a research report on Wednesday, May 27th. Evercore cut their price objective on S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Daiwa Securities Group cut their price objective on S&P Global from $490.00 to $485.00 and set an “outperform” rating for the company in a research report on Wednesday, May 20th. Eighteen analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $545.28.

S&P Global Price Performance

Shares of SPGI stock traded down $7.13 during midday trading on Thursday, reaching $410.89. 512,625 shares of the company traded hands, compared to its average volume of 2,283,945. The firm’s 50 day simple moving average is $424.42 and its two-hundred day simple moving average is $457.23. S&P Global has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a market cap of $121.62 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.85 and a beta of 1.08.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.82 by $0.15. S&P Global had a net margin of 30.37% and a return on equity of 17.26%. The company had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm earned $4.37 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities research analysts expect that S&P Global will post 19.61 EPS for the current fiscal year.

Insider Buying and Selling

In related 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, for a total transaction of $998,297.46. Following the transaction, the chief executive officer directly owned 27,518 shares of the company’s stock, valued at approximately $11,830,813.74. This trade represents a 9.22% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Catherine R. Clay purchased 2,500 shares of the business’s stock in a transaction on Friday, May 1st. The stock was acquired at an average price of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the acquisition, the chief executive officer directly owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 5,974 shares of company stock worth $2,576,775 in the last ninety days. Insiders own 0.03% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Joseph Group Capital Management acquired a new position in S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. raised its holdings in 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 valued at $32,000 after acquiring an additional 35 shares during the last quarter. Palladiem LLC acquired a new position in S&P Global in the 4th quarter valued at $36,000. Palisade Asset Management LLC acquired a new position in S&P Global in the 3rd quarter valued at $36,000. Finally, Ameriflex Group Inc. raised its holdings in S&P Global by 171.4% in the 3rd quarter. Ameriflex Group Inc. now owns 76 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 48 shares during the last quarter. 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.