S&P Global (NYSE:SPGI) Stock Price Target Lowered at BMO Capital Markets

Key Points

• BMO Capital Markets lowered S&P Global’s price target from $505 to $500 but maintained its “outperform” rating, implying approximately 21.27% upside from the $412.32 share price.
• Analyst sentiment remains positive: 18 analysts rate the stock a Buy and two assign a Hold rating, resulting in a “Moderate Buy” consensus and an average target price of $519.12.
• S&P Global exceeded quarterly expectations, reporting $4.83 in adjusted EPS versus $4.81 expected and $4.15 billion in revenue versus $4.09 billion expected; revenue increased 10.4% year over year.

S&P Global (NYSE:SPGI - Get Free Report) had its target price lowered by equities research analysts at BMO Capital Markets from $505.00 to $500.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has an "outperform" rating on the business services provider's stock. BMO Capital Markets' price target would suggest a potential upside of 21.27% from the company's current price.

SPGI has been the topic of several other research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $510.00 target price on shares of S&P Global in a research note on Wednesday, August 26th. Stifel Nicolaus upped their price target on shares of S&P Global from $489.00 to $521.00 and gave the stock a "buy" rating in a research note on Friday, July 17th. Bank of America decreased their price objective on shares of S&P Global from $575.00 to $550.00 and set a "buy" rating for the company in a report on Friday, July 10th. Barclays lowered their price objective on shares of 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. Finally, JPMorgan Chase & Co. dropped their target price on S&P Global from $555.00 to $530.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Eighteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, S&P Global has an average rating of "Moderate Buy" and an average target price of $519.12.

S&P Global Stock Performance

Shares of NYSE:SPGI traded up $0.13 on Tuesday, hitting $412.32. The company's stock had a trading volume of 510,191 shares, compared to its average volume of 2,204,529. The company has a market capitalization of $121.55 billion, a price-to-earnings ratio of 25.17, a price-to-earnings-growth ratio of 1.97 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.95 and a current ratio of 0.95. S&P Global has a 12 month low of $381.61 and a 12 month high of $552.25. The stock's 50-day moving average is $415.12 and its two-hundred day moving average is $421.20.

S&P Global (NYSE:SPGI - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 earnings per share for the quarter, beating analysts' consensus estimates of $4.81 by $0.02. The business had revenue of $4.15 billion for the quarter, compared to analysts' expectations of $4.09 billion. S&P Global had a net margin of 31.37% and a return on equity of 17.74%. The company's revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $4.43 earnings per share. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS. On average, equities research analysts forecast that S&P Global will post 17.71 EPS for the current year.

Institutional Investors Weigh In On S&P Global

Several hedge funds have recently bought and sold shares of SPGI. Hibernia Wealth Partners LLC boosted its position in S&P Global by 3.3% during the first quarter. Hibernia Wealth Partners LLC now owns 754 shares of the business services provider's stock worth $321,000 after purchasing an additional 24 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in S&P Global by 1.2% during the second quarter. Legacy Wealth Asset Management LLC now owns 2,272 shares of the business services provider's stock valued at $925,000 after purchasing an additional 26 shares during the last quarter. Frazier Financial Advisors LLC raised its position in shares of S&P Global by 31.4% in the first quarter. Frazier Financial Advisors LLC now owns 113 shares of the business services provider's stock valued at $48,000 after purchasing an additional 27 shares during the period. WPG Advisers LLC raised its position in shares of S&P Global by 37.0% in the second quarter. WPG Advisers LLC now owns 100 shares of the business services provider's stock valued at $41,000 after purchasing an additional 27 shares during the period. Finally, W1M Asset Management Ltd raised its position in shares of S&P Global by 0.7% in the second quarter. W1M Asset Management Ltd now owns 4,179 shares of the business services provider's stock valued at $1,700,000 after purchasing an additional 28 shares during the period. 87.17% of the stock is owned by hedge funds and other institutional investors.

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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