Morgan Stanley Has Lowered Expectations for S&P Global (NYSE:SPGI) Stock Price

Key Points

• Morgan Stanley lowered its S&P Global price target from $525 to $477 while maintaining an “overweight” rating, implying approximately 20.44% upside from the stock’s $396.06 price.
• Analyst sentiment remains positive overall, with 18 Buy ratings and two Holds producing a “Moderate Buy” consensus and average price target of $519.41.
• S&P Global exceeded quarterly expectations, reporting $4.83 in EPS and $4.15 billion in revenue, with revenue up 10.4% year over year; institutional investors own 87.17% of the company.

S&P Global (NYSE:SPGI - Get Free Report) had its price target reduced by investment analysts at Morgan Stanley from $525.00 to $477.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. Morgan Stanley's price objective points to a potential upside of 20.44% from the company's current price.

SPGI has been the topic of several other reports. Citigroup raised their target price on shares of S&P Global from $454.00 to $500.00 and gave the stock a "buy" rating in a research report on Wednesday, July 29th. Zacks Research raised shares of S&P Global from a "strong sell" rating to a "hold" rating in a research report on Monday, September 14th. BMO Capital Markets increased their price target on shares of S&P Global from $495.00 to $505.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 7th. JPMorgan Chase & Co. decreased their price target on shares of S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Finally, Robert W. Baird set a $513.00 price objective on shares of S&P Global in a research note on Wednesday, September 2nd. Eighteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $519.41.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $396.06 on Wednesday. The company has a market cap of $116.76 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.89 and a beta of 1.09. The business has a fifty day simple moving average of $416.04 and a 200-day simple moving average of $421.71. S&P Global has a 52 week low of $381.61 and a 52 week high of $552.25. 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 (NYSE:SPGI - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $4.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.81 by $0.02. The firm had revenue of $4.15 billion for the quarter, compared to analyst estimates of $4.09 billion. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The firm's quarterly revenue was up 10.4% on a year-over-year basis. During the same period last year, the company earned $4.43 EPS. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. Equities research analysts forecast that S&P Global will post 17.75 EPS for the current year.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently made changes to their positions in SPGI. State Street Corp increased its holdings in S&P Global by 2.2% in the 2nd quarter. State Street Corp now owns 14,482,789 shares of the business services provider's stock valued at $5,898,261,000 after purchasing an additional 307,255 shares in the last quarter. Unisphere Establishment lifted its stake in shares of S&P Global by 6.5% during the first quarter. Unisphere Establishment now owns 2,130,050 shares of the business services provider's stock worth $905,995,000 after purchasing an additional 130,050 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of S&P Global during the second quarter worth about $865,892,000. Cardano Risk Management B.V. boosted its position in shares of S&P Global by 858.3% in the fourth quarter. Cardano Risk Management B.V. now owns 1,760,230 shares of the business services provider's stock worth $919,879,000 after buying an additional 1,576,544 shares during the period. Finally, Soroban Capital Partners LP boosted its position in shares of S&P Global by 260.3% in the first quarter. Soroban Capital Partners LP now owns 1,688,643 shares of the business services provider's stock worth $718,247,000 after buying an additional 1,219,990 shares during the period. 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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