S&P Global (NYSE:SPGI) Price Target Cut to $520.00 by Analysts at JPMorgan Chase & Co.

S&P Global (NYSE:SPGI) had its target price dropped by stock analysts at JPMorgan Chase & Co. from $530.00 to $520.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 27.88% from the company’s current price.

Several other research firms have also commented on SPGI. Citigroup boosted their price target on S&P Global from $454.00 to $500.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BMO Capital Markets cut their target price on shares of S&P Global from $505.00 to $500.00 and set an “outperform” rating for the company in a research note on Tuesday. Stifel Nicolaus upped their price objective on shares of S&P Global from $489.00 to $521.00 and gave the company a “buy” rating in a research note on Friday, July 17th. Morgan Stanley lowered their target price on shares of S&P Global from $525.00 to $477.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of S&P Global in a research report on Friday, October 2nd. Eighteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $518.53.

S&P Global Trading Down 0.8%

NYSE:SPGI traded down $3.35 on Wednesday, hitting $406.64. The stock had a trading volume of 467,605 shares, compared to its average volume of 2,200,079. The stock has a market cap of $119.88 billion, a price-to-earnings ratio of 24.85, a PEG ratio of 1.99 and a beta of 1.09. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.40. S&P Global has a 1-year low of $381.61 and a 1-year high of $552.25. The company has a fifty day moving average price of $415.07 and a two-hundred day moving average price of $421.22.

S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating analysts’ consensus estimates of $4.81 by $0.02. The company had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. S&P Global’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same period last year, the business posted $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts expect that S&P Global will post 17.72 earnings per share for the current fiscal year.

Institutional Trading of S&P Global

A number of institutional investors have recently made changes to their positions in the business. Dorsey Asset Management LLC bought a new position in S&P Global during the 1st quarter valued at approximately $94,716,000. NewEdge Advisors LLC increased its position in S&P Global by 17.9% during the first quarter. NewEdge Advisors LLC now owns 20,005 shares of the business services provider’s stock valued at $8,509,000 after acquiring an additional 3,038 shares during the last quarter. Principal Financial Group Inc. lifted its stake in S&P Global by 12.9% in the second quarter. Principal Financial Group Inc. now owns 572,659 shares of the business services provider’s stock worth $233,228,000 after purchasing an additional 65,529 shares during the last quarter. Qsemble Capital Management LP boosted its holdings in S&P Global by 49.8% during the 2nd quarter. Qsemble Capital Management LP now owns 7,564 shares of the business services provider’s stock valued at $3,081,000 after acquiring an additional 2,516 shares during the period. Finally, Lombard Odier Asset Management Europe Ltd bought a new position in shares of S&P Global in the second quarter worth about $18,361,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global Inc (NYSE: SPGI) is a global provider of financial information, analytics, benchmarks and credit ratings. The company serves financial institutions, corporations, governments and other organizations by helping them assess credit risk, evaluate markets, manage portfolios, analyze supply chains and make business decisions.

Its principal businesses include S&P Global Ratings, which provides credit ratings, research and related analytical services; S&P Global Market Intelligence, which delivers financial and industry data, research and workflow solutions; and S&P Global Commodity Insights, which supplies pricing information, market analysis and intelligence for energy and commodities markets.