S&P Global (NYSE:SPGI) Price Target Lowered to $565.00 at JPMorgan Chase & Co.

S&P Global (NYSE:SPGI - Get Free Report) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $618.00 to $565.00 in a report issued on Wednesday,Benzinga reports. The firm currently has an "overweight" rating on the business services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential upside of 25.87% from the stock's previous close.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of S&P Global from $617.00 to $633.00 and gave the company an "overweight" rating in a research note on Wednesday, February 12th. Oppenheimer cut their price target on S&P Global from $590.00 to $580.00 and set an "outperform" rating on the stock in a research note on Friday, January 3rd. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They issued a "buy" rating and a $600.00 target price on the stock. Bank of America initiated coverage on shares of S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, StockNews.com lowered shares of S&P Global from a "buy" rating to a "hold" rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global currently has a consensus rating of "Moderate Buy" and a consensus target price of $591.86.

S&P Global Stock Down 3.0 %

Shares of NYSE:SPGI traded down $13.99 during midday trading on Wednesday, hitting $448.89. 1,639,894 shares of the company's stock traded hands, compared to its average volume of 1,243,475. S&P Global has a twelve month low of $407.69 and a twelve month high of $545.39. The company has a market cap of $140.88 billion, a PE ratio of 36.35, a P/E/G ratio of 2.41 and a beta of 1.26. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm's fifty day moving average price is $499.33 and its two-hundred day moving average price is $504.47.

S&P Global (NYSE:SPGI - Get Free Report) last issued its earnings results on Tuesday, February 11th. The business services provider reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.36. S&P Global had a return on equity of 14.33% and a net margin of 27.12%. During the same period in the prior year, the business earned $3.13 earnings per share. On average, equities research analysts anticipate that S&P Global will post 17.11 EPS for the current fiscal year.

Hedge Funds Weigh In On S&P Global

Hedge funds have recently modified their holdings of the stock. Parkside Financial Bank & Trust increased its position in shares of S&P Global by 2.0% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,034 shares of the business services provider's stock worth $515,000 after purchasing an additional 20 shares in the last quarter. Personal CFO Solutions LLC grew its stake in S&P Global by 3.1% during the 4th quarter. Personal CFO Solutions LLC now owns 674 shares of the business services provider's stock worth $336,000 after buying an additional 20 shares during the last quarter. Anfield Capital Management LLC increased its position in S&P Global by 25.6% during the fourth quarter. Anfield Capital Management LLC now owns 108 shares of the business services provider's stock worth $54,000 after buying an additional 22 shares during the period. Invenio Wealth Partners LLC lifted its stake in S&P Global by 4.0% in the fourth quarter. Invenio Wealth Partners LLC now owns 574 shares of the business services provider's stock valued at $286,000 after buying an additional 22 shares during the last quarter. Finally, Retirement Planning Group LLC boosted its holdings in shares of S&P Global by 0.4% in the fourth quarter. Retirement Planning Group LLC now owns 5,762 shares of the business services provider's stock valued at $2,870,000 after acquiring an additional 22 shares during the period. 87.17% of the stock is currently owned by institutional investors and hedge funds.

About S&P Global

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.