S&P Global (NYSE:SPGI) Price Target Raised to $550.00

S&P Global (NYSE:SPGI) had its target price lifted by JPMorgan Chase & Co. from $530.00 to $550.00 in a research report released on Wednesday morning, Marketbeat.com reports. The firm currently has an overweight rating on the business services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Bank of America initiated coverage on S&P Global in a report on Tuesday, February 17th. They set a “buy” rating and a $575.00 target price for the company. The Goldman Sachs Group restated a “buy” rating on shares of S&P Global in a report on Tuesday. Mizuho dropped their target price on S&P Global from $657.00 to $551.00 and set an “outperform” rating for the company in a report on Thursday, February 12th. Weiss Ratings cut S&P Global from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, Royal Bank Of Canada dropped their target price on S&P Global from $620.00 to $560.00 and set an “outperform” rating for the company in a report on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, S&P Global presently has a consensus rating of “Buy” and an average price target of $550.44.

S&P Global Trading Down 1.1%

SPGI stock traded down $4.94 during trading on Wednesday, hitting $426.29. 1,057,698 shares of the company traded hands, compared to its average volume of 1,668,459. The firm has a market capitalization of $129.36 billion, a PE ratio of 26.98, a P/E/G ratio of 1.85 and a beta of 1.20. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05. The company has a 50-day moving average of $430.38 and a 200-day moving average of $473.37. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.82 and a current ratio of 0.68.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, beating the consensus estimate of $4.82 by $0.15. The company had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.08 billion. S&P Global had a return on equity of 17.26% and a net margin of 30.37%.S&P Global’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.37 EPS. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. Analysts predict that S&P Global will post 19.56 earnings per share for the current fiscal year.

Insider Activity at S&P Global

In other news, CEO Martina Cheung bought 2,322 shares of the stock in a transaction dated Wednesday, April 29th. The stock was bought at an average price of $429.93 per share, for a total transaction of $998,297.46. Following the purchase, the chief executive officer directly owned 27,518 shares in the company, valued at $11,830,813.74. This trade represents a 9.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter valued at approximately $29,000. Joseph Group Capital Management bought a new position in S&P Global during the 4th quarter valued at approximately $29,000. North Star Investment Management Corp. increased its position in S&P Global by 134.6% during the 4th quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock valued at $32,000 after buying an additional 35 shares in the last quarter. First Pacific Financial increased its position in S&P Global by 51.0% during the 3rd quarter. First Pacific Financial now owns 74 shares of the business services provider’s stock valued at $36,000 after buying an additional 25 shares in the last quarter. Finally, Palladiem LLC bought a new position in S&P Global during the 4th quarter valued at approximately $36,000. Institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.