S&P Global (NYSE:SPGI) Price Target Cut to $560.00 by Analysts at Royal Bank Of Canada

S&P Global (NYSE:SPGIFree Report) had its price objective decreased by Royal Bank Of Canada from $620.00 to $560.00 in a research note published on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the business services provider’s stock.

SPGI has been the subject of a number of other research reports. Morgan Stanley raised their price objective on shares of S&P Global from $620.00 to $627.00 and gave the stock an “overweight” rating in a report on Tuesday, January 13th. BMO Capital Markets reiterated an “outperform” rating and issued a $482.00 price objective on shares of S&P Global in a research note on Wednesday. Weiss Ratings restated a “buy (b-)” rating on shares of S&P Global in a research report on Monday, December 29th. Mizuho lifted their price target on S&P Global from $637.00 to $643.00 and gave the company an “outperform” rating in a research report on Thursday, October 16th. Finally, Evercore ISI set a $625.00 target price on S&P Global and gave the stock an “outperform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating and eighteen have issued a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $576.38.

Read Our Latest Report on SPGI

S&P Global Stock Down 1.5%

Shares of SPGI traded down $5.92 during trading hours on Wednesday, reaching $384.84. 1,033,158 shares of the stock traded hands, compared to its average volume of 2,546,533. S&P Global has a 52 week low of $388.38 and a 52 week high of $579.05. The company has a market cap of $116.53 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.74 and a beta of 1.20. The stock has a fifty day simple moving average of $511.13 and a 200 day simple moving average of $513.04. The company has a current ratio of 0.82, a quick ratio of 0.97 and a debt-to-equity ratio of 0.40.

S&P Global (NYSE:SPGIGet Free Report) last posted its quarterly earnings data on Tuesday, February 10th. The business services provider reported $4.30 EPS for the quarter, missing the consensus estimate of $4.32 by ($0.02). S&P Global had a net margin of 29.16% and a return on equity of 16.56%. The firm had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.89 billion. During the same quarter last year, the business posted $3.77 EPS. The company’s quarterly revenue was up 9.0% on a year-over-year basis. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, equities analysts forecast that S&P Global will post 17.11 EPS for the current year.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 11th. Investors of record on Wednesday, February 25th will be paid a $0.97 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.96. This represents a $3.88 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, February 25th. S&P Global’s payout ratio is 26.21%.

Institutional Trading of S&P Global

A number of hedge funds have recently modified their holdings of SPGI. MTM Investment Management LLC purchased a new stake in shares of S&P Global during the second quarter valued at approximately $27,000. J.Safra Asset Management Corp bought a new position in S&P Global during the 3rd quarter valued at about $29,000. Joseph Group Capital Management purchased a new stake in shares of S&P Global during the 4th quarter valued at about $29,000. North Star Investment Management Corp. boosted its holdings in S&P Global by 134.6% in the fourth quarter. North Star Investment Management Corp. now owns 61 shares of the business services provider’s stock worth $32,000 after purchasing an additional 35 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in S&P Global in the 2nd quarter worth approximately $34,000. Institutional investors own 87.17% of the company’s stock.

Key S&P Global News

Here are the key news stories impacting S&P Global this week:

S&P Global Company Profile

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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.

Further Reading

Analyst Recommendations for S&P Global (NYSE:SPGI)

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