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

Key Points

• JPMorgan raised S&P Global’s price target from $520 to $550 and maintained an “overweight” rating, implying approximately 23% upside from the previous close.
• S&P Global reported better-than-expected quarterly results, with EPS of $4.58 versus the $4.43 consensus and revenue of $3.68 billion, up 6.8% year over year.
• Analyst sentiment remains positive, with 18 Buy ratings and two Holds, producing a “Moderate Buy” consensus and an average price target of $521.06; however, investors are watching the strategic review of Capital IQ and related data businesses.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective hoisted by stock analysts at JPMorgan Chase & Co. from $520.00 to $550.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 22.98% from the stock's previous close.

SPGI has been the subject of a number of other research reports. Barclays dropped their target price on S&P Global from $555.00 to $553.00 and set an "overweight" rating for the company in a research report on Wednesday, July 29th. UBS Group decreased their price target on S&P Global from $550.00 to $525.00 and set a "buy" rating on the stock in a report on Tuesday, July 7th. Robert W. Baird set a $513.00 price objective on S&P Global in a research report on Wednesday, September 2nd. Citigroup reissued a "buy" rating on shares of S&P Global in a report on Wednesday. Finally, Jefferies Financial Group restated a "buy" rating and set a $490.00 target price on shares of S&P Global in a research report on Friday, October 16th. Eighteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $521.06.

S&P Global Price Performance

Shares of SPGI traded down $1.69 during mid-day trading on Wednesday, hitting $447.24. 986,213 shares of the company traded hands, compared to its average volume of 2,201,940. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $131.85 billion, a price-to-earnings ratio of 27.29, a PEG ratio of 2.19 and a beta of 1.09. The business has a 50-day moving average of $419.64 and a 200 day moving average of $432.90. 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 posted its quarterly earnings data on Tuesday, October 27th. The business services provider reported $4.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.15. S&P Global had a return on equity of 17.74% and a net margin of 31.37%. The firm had revenue of $3.68 billion for the quarter, compared to the consensus estimate of $3.64 billion. During the same quarter in the prior year, the business earned $4.73 EPS. The business's revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities analysts expect that S&P Global will post 17.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Pingora Partners LLC bought a new stake in S&P Global in the second quarter valued at about $29,000. James T. Borello RIA bought a new position in S&P Global during the third quarter worth about $36,000. WPG Advisers LLC boosted its holdings in S&P Global by 37.0% during the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock worth $41,000 after buying an additional 27 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in S&P Global by 31.4% during the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock worth $48,000 after buying an additional 27 shares during the last quarter. Finally, Fiduciary Financial Advisors bought a new position in S&P Global during the second quarter worth about $46,000. Institutional investors and hedge funds own 87.17% of the company's stock.

More S&P Global News

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

• Positive Sentiment: Q3 earnings and outlook beat expectations. S&P Global reported adjusted earnings of $4.58 per share versus the $4.43 consensus estimate, while revenue reached $3.68 billion, up 6.8% year over year and ahead of forecasts. Management also raised its full-year outlook, supported by growth in Indices and Market Intelligence. S&P Global Third-Quarter Results
• Positive Sentiment: Analysts raised their targets. Wells Fargo increased its target from $525 to $545 and retained an Overweight rating. Morgan Stanley raised its target from $477 to $515, also with an Overweight rating, indicating analysts see meaningful upside from recent trading levels. Wells Fargo Rating
• Positive Sentiment: New data and indexing partnerships could expand long-term growth. S&P Global Ratings is making Vault Risk Assessment data available onchain through Chainlink, targeting the approximately $10 billion lending-vault market. Separately, S&P Dow Jones Indices agreed to launch co-branded commodity indices with Quantix Commodities. Chainlink Collaboration
• Neutral Sentiment: Capital allocation remains supportive. Full-year share repurchases are expected to exceed $7 billion, which could support per-share results, although investors may focus more on the company’s strategic direction. S&P Global Investor Takeaways
• Negative Sentiment: Investors are concerned about a possible Capital IQ separation. S&P Global has begun a strategic review of Capital IQ, Kensho and related data businesses. A sale or spinoff could unlock value, but the uncertain timing, costs and potential loss of integration benefits have created near-term pressure on the stock. Capital IQ Separation Review

S&P Global Company Profile

S&P Global NYSE: SPGI is a global provider of financial information, analytics, benchmarks and credit ratings. Its services are used by investors, corporations, governments and other organizations to evaluate risk, assess markets, support investment decisions and manage business operations.

The company operates through businesses including S&P Global Ratings, which provides credit ratings and related research; S&P Global Market Intelligence, which delivers data, research and analytics on companies, markets and industries; and S&P Global Commodity Insights, which supplies information and analysis for energy and commodity markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.