JPMorgan Chase & Co. Issues Pessimistic Forecast for S&P Global (NYSE:SPGI) Stock Price

Key Points

• JPMorgan lowered its price target for S&P Global from $530 to $520 while maintaining an “overweight” rating, implying roughly 27.9% upside from the stock’s previous close.
• Analyst sentiment remains broadly positive: 18 analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and an average target of $518.53.
• S&P Global shares traded at $406.64, while the company recently beat quarterly earnings and revenue expectations; institutional investors own approximately 87.17% of its stock.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective decreased by equities research analysts at JPMorgan Chase & Co. from $530.00 to $520.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price objective would indicate a potential upside of 27.88% from the company's previous close.

Other research analysts have also recently issued research reports about the stock. Rothschild & Co Redburn dropped their price objective on shares of S&P Global from $540.00 to $520.00 and set a "buy" rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada reiterated an "outperform" rating and set a $510.00 price objective on shares of S&P Global in a research note on Wednesday, August 26th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of S&P Global in a research report on Friday, October 2nd. Zacks Research upgraded shares of S&P Global from a "strong sell" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Barclays decreased their price target on S&P Global from $555.00 to $553.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 29th. Eighteen investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, S&P Global has a consensus rating of "Moderate Buy" and a consensus target price of $518.53.

S&P Global Stock Performance

S&P Global stock traded down $3.35 during mid-day trading on Wednesday, hitting $406.64. 467,605 shares of the company's stock traded hands, compared to its average volume of 2,200,079. The firm has a 50 day moving average price of $415.07 and a 200 day moving average price of $421.22. The company has a market cap of $119.88 billion, a PE ratio of 24.85, a price-to-earnings-growth 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 one year low of $381.61 and a one year high of $552.25.

S&P Global (NYSE:SPGI - Get Free Report) last announced its earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating the consensus estimate of $4.81 by $0.02. The business 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%. The company's quarterly revenue was up 10.4% on a year-over-year basis. During the same quarter last year, the business posted $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities analysts forecast that S&P Global will post 17.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new stake in S&P Global during the second quarter valued at about $865,892,000. EdgePoint Investment Group Inc. purchased a new stake in shares of S&P Global during the 1st quarter worth approximately $702,911,000. T. Rowe Price Investment Management Inc. grew its stake in shares of S&P Global by 2,256.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,446,633 shares of the business services provider's stock worth $755,996,000 after buying an additional 1,385,249 shares in the last quarter. Soroban Capital Partners LP raised its position in S&P Global by 260.3% during the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock valued at $718,247,000 after purchasing an additional 1,219,990 shares during the period. Finally, Veritas Asset Management LLP purchased a new stake in S&P Global in the 2nd quarter worth about $338,274,000. Hedge funds and other 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.

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