JPMorgan Chase & Co. Lowers S&P Global (NYSE:SPGI) Price Target to $565.00

S&P Global (NYSE:SPGI) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $618.00 to $565.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 22.15% from the stock’s previous close.

Several other equities analysts also recently commented on SPGI. UBS Group boosted their price objective on S&P Global from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, February 18th. Mizuho started coverage on S&P Global in a report on Wednesday, March 12th. They issued an “outperform” rating and a $599.00 price target on the stock. StockNews.com lowered shares of S&P Global from a “buy” rating to a “hold” rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their target price on shares of S&P Global from $617.00 to $633.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Bank of America initiated coverage on shares of S&P Global in a research note on Thursday, April 10th. They set a “buy” rating and a $600.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $591.86.

S&P Global Trading Down 0.3 %

S&P Global stock opened at $462.55 on Wednesday. S&P Global has a 12-month low of $407.69 and a 12-month high of $545.39. The firm has a market capitalization of $145.17 billion, a price-to-earnings ratio of 37.45, a P/E/G ratio of 2.41 and a beta of 1.26. The firm has a 50 day moving average of $500.89 and a 200 day moving average of $504.95. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping analysts’ consensus estimates of $3.41 by $0.36. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. During the same period last year, the company earned $3.13 earnings per share. As a group, research analysts predict that S&P Global will post 17.11 earnings per share for the current year.

Institutional Trading of S&P Global

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Chicago Capital LLC increased its position in S&P Global by 2.8% during the first quarter. Chicago Capital LLC now owns 21,248 shares of the business services provider’s stock valued at $10,796,000 after acquiring an additional 580 shares during the last quarter. Smith Shellnut Wilson LLC ADV boosted its stake in shares of S&P Global by 2.7% during the 1st quarter. Smith Shellnut Wilson LLC ADV now owns 1,274 shares of the business services provider’s stock worth $647,000 after purchasing an additional 33 shares during the period. Vivid Wealth Management LLC grew its holdings in S&P Global by 13.9% during the 1st quarter. Vivid Wealth Management LLC now owns 5,159 shares of the business services provider’s stock valued at $2,621,000 after purchasing an additional 630 shares during the last quarter. WD Rutherford LLC grew its holdings in S&P Global by 13.7% during the 1st quarter. WD Rutherford LLC now owns 6,326 shares of the business services provider’s stock valued at $2,978,000 after purchasing an additional 761 shares during the last quarter. Finally, Inscription Capital LLC purchased a new stake in S&P Global in the 1st quarter worth about $548,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.