S&P Global (NYSE:SPGI) Price Target Cut to $535.00 by Analysts at JPMorgan Chase & Co.

S&P Global (NYSE:SPGI) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $550.00 to $535.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 23.63% from the stock’s current price.

Several other brokerages have also commented on SPGI. Rothschild & Co Redburn cut their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Jefferies Financial Group raised their price objective on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a report on Monday, April 27th. Evercore cut their target price on S&P Global from $625.00 to $560.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Royal Bank Of Canada reduced their target price on S&P Global from $560.00 to $510.00 and set an “outperform” rating for the company in a report on Tuesday. Finally, Mizuho upped their target price on S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a research report on Tuesday, May 5th. Seventeen research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $533.47.

S&P Global Stock Down 2.4%

S&P Global stock traded down $10.73 during mid-day trading on Wednesday, hitting $432.73. The company had a trading volume of 285,171 shares, compared to its average volume of 2,369,246. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 0.34. S&P Global has a 1 year low of $381.61 and a 1 year high of $579.05. The business has a fifty day moving average of $419.53 and a 200 day moving average of $449.32. The stock has a market cap of $128.09 billion, a price-to-earnings ratio of 27.45, a PEG ratio of 1.91 and a beta of 1.08.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $4.97 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $4.17 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $4.37 EPS. The company’s revenue was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 19.400-19.650 EPS. On average, sell-side analysts expect that S&P Global will post 19.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Martina Cheung purchased 2,322 shares of the company’s stock in a transaction that occurred on Wednesday, April 29th. The shares were purchased at an average price 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. The trade was a 9.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Catherine R. Clay acquired 2,500 shares of S&P Global stock in a transaction on Friday, May 1st. The shares were bought at an average cost of $431.39 per share, with a total value of $1,078,475.00. Following the completion of the purchase, the chief executive officer owned 2,500 shares in the company, valued at $1,078,475. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 5,974 shares of company stock valued at $2,576,775 over the last quarter. 0.03% of the stock is currently owned by insiders.

Institutional Investors Weigh In On S&P Global

Several hedge funds have recently modified their holdings of SPGI. Joseph Group Capital Management purchased a new position in S&P Global in the 4th quarter valued at $29,000. North Star Investment Management Corp. raised 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 worth $32,000 after buying an additional 35 shares during the last quarter. Palladiem LLC acquired a new stake in shares of S&P Global in the 4th quarter worth $36,000. Palisade Asset Management LLC acquired a new stake in shares of S&P Global in the 3rd quarter worth $36,000. Finally, Ameriflex Group Inc. boosted its holdings in shares of S&P Global by 171.4% in the third 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 in the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about S&P Global

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

• Positive Sentiment: BMO Capital Markets raised its price target on S&P Global to $505 and kept an outperform rating, signaling continued confidence in the company’s earnings power and valuation. BMO Capital Markets raises target on SPGI
• Positive Sentiment: UBS and RBC both kept constructive ratings on SPGI even while trimming their targets, suggesting analysts still see upside after the latest corporate changes. UBS kept a buy rating and RBC maintained outperform. UBS and RBC cut targets on SPGI
• Positive Sentiment: Barclays also reiterated an overweight view, though it lowered its target slightly to $555, implying the stock still has room to rise from current levels. Barclays lowers target on SPGI
• Neutral Sentiment: S&P Global completed its Mobility spin-off and is reworking its Market Intelligence operations, a strategic move that could improve focus but also creates near-term uncertainty as investors assess the new structure. SPGI completes Mobility spin-off
• Neutral Sentiment: The company is also reshaping leadership and operations, which may be viewed as a long-term efficiency play but doesn’t provide an immediate catalyst on its own. SPGI reshapes leadership and operations
• Negative Sentiment: Several firms cut their price targets on SPGI in the wake of the spin-off, reflecting caution about execution risk and the stock’s rich valuation. Analyst target cuts on SPGI

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.