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

S&P Global (NYSE:SPGI - Get Free Report) had its price target hoisted by analysts at JPMorgan Chase & Co. from $575.00 to $625.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 20.48% from the company's current price.

Other research analysts have also issued reports about the stock. Argus raised shares of S&P Global to a "strong-buy" rating in a report on Friday, May 16th. Wells Fargo & Company lifted their price objective on shares of S&P Global from $627.00 to $632.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Bank of America assumed coverage on shares of S&P Global in a research report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Morgan Stanley lifted their price objective on shares of S&P Global from $587.00 to $595.00 and gave the company an "overweight" rating in a research report on Monday, July 7th. Finally, Stifel Nicolaus cut their price objective on shares of S&P Global from $629.00 to $603.00 and set a "buy" rating on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $601.07.

S&P Global Stock Down 0.6%

SPGI traded down $3.35 during trading hours on Monday, reaching $518.77. 1,128,550 shares of the stock traded hands, compared to its average volume of 1,220,986. The firm's fifty day simple moving average is $517.59 and its two-hundred day simple moving average is $506.43. The company has a market cap of $159.11 billion, a price-to-earnings ratio of 40.75, a PEG ratio of 2.53 and a beta of 1.19. S&P Global has a fifty-two week low of $427.14 and a fifty-two week high of $545.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.90 and a quick ratio of 0.90.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The business services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.23 by $0.14. The company had revenue of $3.78 billion during the quarter, compared to analyst estimates of $3.72 billion. S&P Global had a net margin of 27.27% and a return on equity of 14.68%. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. During the same period last year, the business earned $4.01 EPS. As a group, analysts forecast that S&P Global will post 17.11 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Sally Moore sold 500 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $510.43, for a total transaction of $255,215.00. Following the completion of the sale, the executive vice president owned 5,131 shares in the company, valued at $2,619,016.33. This trade represents a 8.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in S&P Global by 0.4% during the first quarter. Vanguard Group Inc. now owns 29,779,003 shares of the business services provider's stock worth $15,130,711,000 after acquiring an additional 108,729 shares in the last quarter. Geode Capital Management LLC raised its position in S&P Global by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 6,589,982 shares of the business services provider's stock worth $3,273,264,000 after acquiring an additional 116,208 shares in the last quarter. Norges Bank bought a new stake in S&P Global during the fourth quarter worth $1,725,084,000. Northern Trust Corp raised its position in S&P Global by 19.1% during the fourth quarter. Northern Trust Corp now owns 3,276,043 shares of the business services provider's stock worth $1,631,568,000 after acquiring an additional 525,347 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in S&P Global by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,186,250 shares of the business services provider's stock worth $1,618,934,000 after acquiring an additional 114,843 shares in the last quarter. 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.